9.50% Vastu Housing Finance Corporation Limited - A Rated (INE459T07132)

Vastu Housing Finance Corporation Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE459T07132, with a face value of ₹10,00,000 rs on 24Jun20 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.50% 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 Secured Debenture is 9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 24/06/2023. 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 30Jun20. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 12Jun20. 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.