10.39% Himachal Pradesh State Electricity Board Limited - A Rated (INE220H08016)

Himachal Pradesh State Electricity Board Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE220H08016, with a face value of ₹10,00,000 rs on 29Mar16 to raise 300 crores. The debt instrument is issued with a coupon rate of 10.39% 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 Bond is 10.39% UNSECURED REDEEMABLE NON CONVERTIBLE BONDS. SERIES 2015-16 (1ST TRANCHE). LETTER OF ALLOTMENT. DATE OF MATURITY 27/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 06Apr16. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A(CE) rating to this Bond on 03Mar16. This issuer is formerly known as HIMACHAL PRADESH STATE ELECTRICITY BOARD Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.