8.40% India Infradebt Limited - AAA Rated (INE537P07489)

India Infradebt Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE537P07489, with a face value of ₹10,00,000 rs on 20Nov19 to raise 150 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES I-TRANCHE II. DATE OF MATURITY 20/11/2024. 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 02Dec19. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 13Nov19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.