6.40% Lic Housing Finance Limited - AAA Rated (INE115A07PN6)

Lic Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE115A07PN6, with a face value of ₹10,00,000 rs on 30Nov21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 6.40% 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 6.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.TRANCHE 417 OPTION I. DATE OF MATURITY 30/11/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 03Dec21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 17Nov21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.