National Housing Bank - AAA Rated (INE557F07173)

National Housing Bank, a Financial Institution company, has floated Bond, having ISIN value as INE557F07173, with a face value of ₹5,000 rs on 24Mar14 to raise 25.513 crores. The debt instrument is issued with a coupon rate of 8.5%(REFER REMARKS) and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 8.50% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.25% p.a.) TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -II SERIES 1B. LETTER OF ALLOTMENT. DATE OF MATURITY 24/03/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 26Mar14 & on NSE stock exchange on 26Mar14. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 21Feb13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.