9% Mahindra Rural Housing Finance Limited - AA Rated (INE950O08162)

Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O08162, with a face value of ₹10,00,000 rs on 21Jan20 to raise 100 crores. The debt instrument is issued with a coupon rate of 9% 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 Unsecured Debenture is 9% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES MRHFL-AAA2019. LETTER OF ALLOTMENT. DATE OF MATURITY 21/01/2030. 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 28Jan20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 19Nov19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.