9.25% Vastu Housing Finance Corporation Limited - A Rated (INE459T07116)

Vastu Housing Finance Corporation Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE459T07116, with a face value of ₹10,00,000 rs on 16Jun20 to raise 5 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% SECURED, RATED LISTED UNSUBORDINATED TRANSFERABLE REDEEMABLE, NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 16/05/2023. 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 22Jun20. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 07May20. 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.