6.65% Food Corporation Of India - AAA Rated (INE861G08076)

Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08076, with a face value of ₹10,00,000 rs on 23Oct20 to raise 8000 crores. The debt instrument is issued with a coupon rate of 6.65% 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 6.65% GOVERMENT OF INDIA GURANTEED UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. SERIES IX. DATE OF MATURITY 23/10/2030. 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 26Oct20. CARE RATINGS LIMITED has given AAA(CE) rating to this Bond on 23Oct20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.