7.16% Lic Housing Finance Limited - AAA Rated (INE115A07KY4)

Lic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE115A07KY4, with a face value of ₹10,00,000 rs on 16Dec16 to raise 1000 crores. The debt instrument is issued with a coupon rate of 7.16% 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 7.16% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 320. LETTER OF ALLOTMENT. DATE OF MATURITY 16/12/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Dec16 & on NSE stock exchange on 22Dec16. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 09Dec16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.