8.30% Mahindra Rural Housing Finance Limited - AA Rated (INE950O07123)

Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O07123, with a face value of ₹10,00,000 rs on 27Mar17 to raise 10 crores. The debt instrument is issued with a coupon rate of 8.30% 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 8.30% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES MRHFL-LL2016. LETTER OF ALLOTMENT. DATE OF MATURITY 26/03/2027. 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 07Apr17. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 06Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.