Dbl Borgaon Watambare Highways Private Limited - AAA Rated (INE00OP07023)

Dbl Borgaon Watambare Highways Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE00OP07023, with a face value of ₹9,95,000 rs on 22Feb22 to raise 23.4 crores. The debt instrument is issued with a coupon rate of RESTE RATE- FOR AA+ RATING COUPON FOR 1ST YEAR 6.32% COUPON FOR 2ND YEAR 6.61% and its interest is paid Semi 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 RESET RATE SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES B.DATE OF MATURITY 31/05/2035. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 31Jan22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.