11.50% Hero Solar Energy Private Limited - A Rated (INE316W07062)

Hero Solar Energy Private Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE316W07062, with a face value of ₹10,00,000 rs on 17Nov21 to raise 15 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid Quarterly. 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 11.50% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 17/05/2024. This instrument is issued in Private Placement (non-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 A+ rating to this Debenture on 16Nov21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.