Bhilangana Hydro Power Limited - AA Rated (INE453I07203)

Bhilangana Hydro Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE453I07203, with a face value of ₹10,00,000 rs on 02Sep22 to raise 40 crores. The debt instrument is issued with a coupon rate of 1 YEAR MCLR LINKED and its interest is paid Monthly. 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 1 YEAR MCLR LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES 5B. DATE OF MATURITY 31/03/2030.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 08Sep22. CARE RATINGS LIMITED has given AA- rating to this Debenture on 02Sep22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.