9.85% Motilal Oswal Home Finance Limited - AA Rated (INE658R07125)

Motilal Oswal Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE658R07125, with a face value of ₹10,00,000 rs on 27Jul16 to raise 99.7 crores. The debt instrument is issued with a coupon rate of 9.85% 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 9.85% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 15/05/2023. 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 08Aug16. ICRA LIMITED has given AA rating to this Debenture on 05Aug22. This issuer is formerly known as ASPIRE HOME FINANCE CORPORATION LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.