6.99% Air India Assets Holding Limited - AAA Rated (INE0AED08011)

Air India Assets Holding Limited, a Utilities company, has floated Debenture, having ISIN value as INE0AED08011, with a face value of ₹10,00,000 rs on 18Sep19 to raise 7000 crores. The debt instrument is issued with a coupon rate of 6.99% and its interest is paid Semi 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 Unsecured Debenture is 6.99% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 16/12/2022. 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 30Sep19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 25Sep19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.