L&t Finance Limited - AA Rated (INE691I08404)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE691I08404, with a face value of ₹10,00,000 rs on 27Aug15 to raise 150 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 Bond is RESET RATE UNSECURED NON CONVERTIBLE PERPETUAL DEBENTURES. SERIES X OF FY 2015-16 PERPETUAL DEBT. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 04Sep15. CARE Ratings Limited has given AA+ rating to this Bond on 27Aug15. 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 Bond. Yes, this debt instrument is Perpetual In Nature.