8.51% Mahindra Rural Housing Finance Limited - AA Rated (INE950O07297)

Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O07297, with a face value of ₹10,00,000 rs on 01Aug18 to raise 160 crores. The debt instrument is issued with a coupon rate of 8.51% and its interest is paid Semi 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 8.51% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES MRHFL-FF2018. LETTER OF ALLOTMENT. DATE OF MATURITY 29/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 18Oct17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.