6.50% Adani Ports And Special Economic Zone Limited - AA Rated (INE742F07502)

Adani Ports And Special Economic Zone Limited, a Port & Port services company, has floated Debenture, having ISIN value as INE742F07502, with a face value of ₹10,00,000 rs on 11Sep20 to raise 900 crores. The debt instrument is issued with a coupon rate of 6.50% 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 6.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 11/09/2023. 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 25Sep20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 05Jun20. This issuer is formerly known as MUNDRA PORT AND SPECIAL ECONOMIC ZONE LIMITED, GUJARAT ADANI PORT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.