8.85% Cauvery Neeravari Nigama Limited - AA Rated (INE251G07023)

Cauvery Neeravari Nigama Limited, a Utilities company, has floated Bond, having ISIN value as INE251G07023, with a face value of ₹10,00,000 rs on 31Mar15 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.85% 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 Secured Bond is 8.85% SECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES II. LETTER OF ALLOTMENT. DATE OF MATURITY 31/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 07Apr15. INDIA RATING AND RESEARCH PVT. LTD has given AA-(CE) rating to this Bond on 30Oct19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.