9.40% Pnb Housing Finance Ltd - AA Rated (INE572E09627)

Pnb Housing Finance Ltd, a Housing Finance Company company, has floated Bond, having ISIN value as INE572E09627, with a face value of ₹10,00,000 rs on 07Jan19 to raise 39.7 crores. The debt instrument is issued with a coupon rate of 9.40% 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 9.40% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED TIER II BONDS IN THE NATURE OF PROMISSORY NOTES. SERIES VII. LETTER OF ALLOTMENT. DATE OF MATURITY 05/01/2029. 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 22Jan19 & on NSE stock exchange on 22Jan19. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 28Dec18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.