7.90% Mahindra Rural Housing Finance Limited - AA Rated (INE950O07388)

Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O07388, with a face value of ₹10,00,000 rs on 11Jan22 to raise 110 crores. The debt instrument is issued with a coupon rate of 7.90% 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 7.90% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES MRHFL-FF2021. DATE OF MATURITY 09/01/2032. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 13Jan22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 06Oct21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.