7.80% Apollo Tyres Limited - AA Rated (INE438A07169)

Apollo Tyres Limited, a Tyres & Rubber Products company, has floated Debenture, having ISIN value as INE438A07169, with a face value of ₹10,00,000 rs on 31May17 to raise 150 crores. The debt instrument is issued with a coupon rate of 7.80% 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 7.80% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C. LETTER OF ALLOTMENT. DATE OF MATURITY 30/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 08Jun17. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 23May17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.