5.85% Bharat Petroleum Corporation Ltd. - AAA Rated (INE322J08024)

Bharat Petroleum Corporation Ltd., a Refineries & Marketing company, has floated Debenture, having ISIN value as INE322J08024, with a face value of ₹10,00,000 rs on 13Jul20 to raise 600 crores. The debt instrument is issued with a coupon rate of 5.85% 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 Unsecured Debenture is 5.85% UNSECURED RATED LISTED REDEEMABLE NON CUMULATIVE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 13/07/2023. 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 20Jul20 & on NSE stock exchange on 20Jul20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 06Jul20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.