7.50% Apollo Tyres Limited - AA Rated (INE438A07136)

Apollo Tyres Limited, a Tyres & Rubber Products company, has floated Debenture, having ISIN value as INE438A07136, with a face value of ₹10,00,000 rs on 21Oct16 to raise 90 crores. The debt instrument is issued with a coupon rate of 7.50% 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 7.50% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C. LETTER OF ALLOTMENT. DATE OF MATURITY 20/10/2023. 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 28Oct16 & on NSE stock exchange on 28Oct16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 06Oct16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.