7.90% Inland Waterways Authority Of India - AAA Rated (INE896W08012)

Inland Waterways Authority Of India, a Utilities company, has floated Debenture, having ISIN value as INE896W08012, with a face value of ₹10,00,000 rs on 03Mar17 to raise 340 crores. The debt instrument is issued with a coupon rate of 7.90% and its interest is paid Semi 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 7.90% GOI FULLY SERVICE UNSECURED REDEEMABLE TAXABLE LONG TEM BONDS IN THE NATURE OF DEBENTURES. SERIES 1. DATE OF MATURITY 03/03/2027. 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 20Mar17. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 21Feb17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.