7.03% Hindustan Petroleum Corporation Limited - AAA Rated (INE094A08069)

Hindustan Petroleum Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE094A08069, with a face value of ₹10,00,000 rs on 06Mar20 to raise 1400 crores. The debt instrument is issued with a coupon rate of 7.03% 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 Debenture is 7.03% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE SENIOR UNSUBORDINATED DEBENTURES. SERIES II. DATE OF MATURITY 12/04/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Mar20 & on NSE stock exchange on 17Mar20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 16Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.