7.41% Indian Oil Corporation Limited - AAA Rated (INE242A08437)

Indian Oil Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE242A08437, with a face value of ₹10,00,000 rs on 22Oct19 to raise 3000 crores. The debt instrument is issued with a coupon rate of 7.41% 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 Debenture is 7.41% UNSECURED LISTED RATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES XIV. DATE OF MATURITY 22/10/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 25Oct19 & on BSE stock exchange on 25Oct19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 04Oct19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.