8.48% Lic Housing Finance Limited - AAA Rated (INE115A07JO7)

Lic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE115A07JO7, with a face value of ₹10,00,000 rs on 10Jun16 to raise 272 crores. The debt instrument is issued with a coupon rate of 8.48% 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 8.48% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 297 OPTION 1. LETTER OF ALLOTMENT. DATE OF MATURITY 09/06/2023. 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 16Jun16 & on BSE stock exchange on 16Jun16. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 07Jun16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.