10.60% Shriram Housing Finance Limited - AA Rated (INE432R08024)

Shriram Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE432R08024, with a face value of ₹1,00,000 rs on 09May19 to raise 25 crores. The debt instrument is issued with a coupon rate of 10.60% and its interest is paid Monthly. 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 Debenture is 10.60% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE FORM SEPARATELY TRANSFERABLE REDEEMABLE PRINCIPAL PARTS. STRPPs 2. DATE OF MATURITY  09/05/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21May19. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 30Apr19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.