Mahindra Rural Housing Finance Limited - AA Rated (INE950O08220)

Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE950O08220, with a face value of ₹10,00,000 rs on 28May21 to raise 425 crores. The debt instrument is issued with a coupon rate of 3M T-BILL LINKED 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 3M TBILL LINKED UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES MRHFL-CC2021U. DATE OF MATURITY 26/05/2023. 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 02Jun21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 12Nov20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.