8.75% Pnb Housing Finance Ltd - AA Rated (INE572E07068)

Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E07068, with a face value of ₹10,00,000 rs on 07Nov19 to raise 2500 crores. The debt instrument is issued with a coupon rate of 8.75% 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 Bond is 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF PROMISSORY NOTES. SERIES LI. DATE OF MATURITY 07/11/2029.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 21Nov19 & on NSE stock exchange on 21Nov19. CARE RATINGS LIMITED has given AA+ rating to this Bond on 07Nov19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.