Motilal Oswal Home Finance Limited - AA Rated (INE658R07422)

Motilal Oswal Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE658R07422, with a face value of ₹10,00,000 rs on 31Jul20 to raise 54.25 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX LINKED and its interest is paid on Maturity. 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 NIFTY 50 INDEX LINKED SECURED RATED LISTED PRINCIPAL PROTECTED-MARKET LINKED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES M-9 / F.Y.21/ F.Y.24. DATE OF MATURITY 01/06/2023. 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 19Aug20. CRISIL RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 29Jul20. 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.