6.50% Pnb Housing Finance Ltd - AA Rated (INE572E07076)

Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E07076, with a face value of ₹10,00,000 rs on 25Jun21 to raise 130 crores. The debt instrument is issued with a coupon rate of 6.50% 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 6.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF PROMISSORY NOTES. SERIES LV. LETTER OF ALLOTMENT. DATE OF MATURITY 25/06/2024. 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 01Jul21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 10Mar21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.