8.75% L&t Finance Limited - AAA Rated (INE691I08339)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE691I08339, with a face value of ₹10,00,000 rs on 18Feb15 to raise 225 crores. The debt instrument is issued with a coupon rate of 8.75% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 8.75% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES U FY 2014-15_SUB DEBT. DATE OF MATURITY 18/02/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28Feb15. CARE Ratings Limited has given AAA rating to this Debenture on 18Feb15. This issuer is formerly known as FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED, APEEJAY FINANCE GROUP PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.