7.09% Food Corporation Of India - AAA Rated (INE861G08084)

Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08084, with a face value of ₹10,00,000 rs on 13Aug21 to raise 8000 crores. The debt instrument is issued with a coupon rate of 7.09% 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 7.09% GOVERMENT OF INDIA GURANTEED UNSECURED RATED LISTED SENIOR REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE.SERIES X. DATE OF MATURITY 13/08/2031. 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 13Aug21. CRISIL RATINGS LIMITED has given AAA(CE) rating to this Bond on 23Jul21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.