Hero Solar Energy Private Limited - A Rated (INE316W07070)

Hero Solar Energy Private Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE316W07070, with a face value of ₹10,00,000 rs on 03Aug22 to raise 50 crores. The debt instrument is issued with a coupon rate of GESC LINKED and its interest is paid on Maturity. 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 GESC LINKED SECURED RATED UNLISTED REDEEMABLE PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 03/12/2025.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given PP-MLD A+ rating to this Debenture on 29Jul22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.