5.32% National Housing Bank - AAA Rated (INE557F08FK3)

National Housing Bank, a Financial Institution company, has floated Bond, having ISIN value as INE557F08FK3, with a face value of ₹10,00,000 rs on 01Jun20 to raise 3000 crores. The debt instrument is issued with a coupon rate of 5.32% 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 Bond is 5.32% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BOND IN THE NATURE OF DEBENTURE. MATURITY DATE : 01/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 09Jun20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 26May20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.