8.50% Hazaribagh Ranchi Expressway Limited - D Rated (INE526S07106)

Hazaribagh Ranchi Expressway Limited, a Industrial company, has floated Debenture, having ISIN value as INE526S07106, with a face value of ₹1,00,000 rs on 14Feb17 to raise 715 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A-IX. DATE OF MATURITY 14/10/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Feb17. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 15Apr19. This issuer is formerly known as ITNL HIGHWAYS DEVELOPMENT COMPANY LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.