8.60% India Grid Trust - AAA Rated (INE219X07017)

India Grid Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE219X07017, with a face value of ₹10,00,000 rs on 31Aug18 to raise 250 crores. The debt instrument is issued with a coupon rate of 8.60% 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 8.60% SECURED RATED SENIOR LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES ONE. DATE OF MATURITY 31/08/2028. 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 10Sep18. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 31Dec18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.