6.50% Pnb Housing Finance Ltd - AA Rated (INE572E07084)

Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E07084, with a face value of ₹10,00,000 rs on 27Sep21 to raise 325 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 LVI.LETTER OF ALLOTMENT.DATE OF MATURITY 27/09/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 30Sep21. CARE RATINGS LIMITED has given AA+ rating to this Bond on 27Sep21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.