9.62% Andhra Pradesh State Beverages Corporation Limited - AA Rated (INE0M2307099)

Andhra Pradesh State Beverages Corporation Limited, a Breweries & Distilleries company, has floated Bond, having ISIN value as INE0M2307099, with a face value of ₹10,00,000 rs on 14Jun22 to raise 830.5 crores. The debt instrument is issued with a coupon rate of 9.62% 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 Bond is 9.62% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS. SERIES I 2022-23 DATE OF ALLOTMENT 14/06/2022 AND DATE OF MATURITY 30/05/2031. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 14Jun22. INDIA RATING AND RESEARCH PVT. LTD has given AA(CE) rating to this Bond on 22Apr22. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.