5.60% Indian Oil Corporation Limited - AAA Rated (INE242A08494)

Indian Oil Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE242A08494, with a face value of ₹10,00,000 rs on 25Jan21 to raise 1290.2 crores. The debt instrument is issued with a coupon rate of 5.60% 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 5.60% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES XX . DATE OF MATURITY 23/01/2026.. 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 27Jan21 & on BSE stock exchange on 27Jan21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 15Jan21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.