8.65% L&t Finance Limited - AAA Rated (INE691I08453)

L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE691I08453, with a face value of ₹10,00,000 rs on 09Aug16 to raise 75 crores. The debt instrument is issued with a coupon rate of 8.65% 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 8.65% UNSECURED REDEEMABLE NON-CONVERTIBLE SUBORDINATE BONDS ELIGIBLE FOR TIER II CAPITAL. SERIES K OF FY 2016_17. DATE OF MATURITY 08/08/2031. 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 19Aug16. CARE Ratings Limited has given AAA rating to this Bond on 09Aug16. 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.