7.70% Apollo Tyres Limited - AA Rated (INE438A07185)

Apollo Tyres Limited, a Tyres & Rubber Products company, has floated Debenture, having ISIN value as INE438A07185, with a face value of ₹10,00,000 rs on 18May20 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.70% 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 7.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 16/05/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 27May20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 21Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.