9.95% Vastu Housing Finance Corporation Limited - A Rated (INE459T07033)

Vastu Housing Finance Corporation Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE459T07033, with a face value of ₹10,00,000 rs on 28Mar18 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.95% 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 Secured Debenture is 9.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 27/02/2025. 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 12Apr18. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A+ rating to this Debenture on 22Feb18. This issuer is formerly known as VASTU FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.