8.95% Food Corporation Of India - AAA Rated (INE861G08043)

Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08043, with a face value of ₹10,00,000 rs on 01Mar19 to raise 2737.7 crores. The debt instrument is issued with a coupon rate of 8.95% 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 Bond is 8.95% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES VII. DATE OF MATURITY 01/03/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 07Mar19 & on BSE stock exchange on 07Mar19. CRISIL RATINGS LIMITED has given AAA (CE) rating to this Bond on 19Feb19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.