9.95% L & T Finance Limited - AAA Rated (INE759E08028)

L & T Finance Limited, a Finance company, has floated Bond, having ISIN value as INE759E08028, with a face value of ₹10,00,000 rs on 30Mar15 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.95% 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 9.95% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATE BONDS ELIGIBLE FOR TIER II CAPITAL IN THE NATURE OF DEBENTURES. SERIES S OF FY 2014-15_SUBDEBT. DATE OF MATURITY 28/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 07Apr17 & on BSE stock exchange on 07Apr17. CARE Ratings Limited has given AAA rating to this Bond on 30Mar15. This issuer is formerly known as L&T FINCORP LIMITED, FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.