Shriram Housing Finance Limited - AA Rated (INE432R07299)

Shriram Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE432R07299, with a face value of ₹10,00,000 rs on 04Mar22 to raise 100 crores. The debt instrument is issued with a coupon rate of 3MTBILL LINKED and its interest is paid Quarterly. 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 Debenture is 3MTBILL LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES XX.DATE OF MATURITY 04/03/2025. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Dec21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.