8.57% Pnb Housing Finance Ltd - AA Rated (INE572E09387)

Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E09387, with a face value of ₹10,00,000 rs on 26Jul16 to raise 499 crores. The debt instrument is issued with a coupon rate of 8.57% and its interest is paid Semi 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 8.57% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF PROMISSORY NOTE. SERIES VI. LETTER OF ALLOTMENT. DATE OF MATURITY 26/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 08Aug16 & on NSE stock exchange on 08Aug16. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 06Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.