9.39% Lic Housing Finance Limited - AAA Rated (INE115A07FP2)

Lic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE115A07FP2, with a face value of ₹10,00,000 rs on 25Aug14 to raise 1000 crores. The debt instrument is issued with a coupon rate of 9.39% 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 Secured Debenture is 9.39% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 225 OPTION 2. LETTER OF ALLOTMENT. DATE OF MATURITY 23/08/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 05Sep14 & on BSE stock exchange on 05Sep14. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 20Aug14. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.