7.15% Hpcl-mittal Energy Limited - AA Rated (INE137K07059)

Hpcl-mittal Energy Limited, a Utilities company, has floated Debenture, having ISIN value as INE137K07059, with a face value of ₹10,00,000 rs on 03Sep20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 7.15% 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 Secured Debenture is 7.15% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 03/09/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 27Aug20. This issuer is formerly known as GURU GOBIND SINGH REFINERIES LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.