9.45% Motilal Oswal Home Finance Limited - AA Rated (INE658R07406)

Motilal Oswal Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE658R07406, with a face value of ₹10,00,000 rs on 17Jul20 to raise 75 crores. The debt instrument is issued with a coupon rate of 9.45% 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 9.45% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES - A-9 / F.Y.21/ F.Y.23. DATE OF MATURITY 21/04/2023. 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 05Aug20. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 17Jun20. 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.