7.74% Indian Renewable Energy Development Agency Limited - AAA Rated (INE202E08060)

Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E08060, with a face value of ₹10,00,000 rs on 08May20 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.74% 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 Bond is 7.74% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE SUBORDINATED TIER II BONDS IN THE NATURE OF DEBENTRUES. SERIES X. LETTER OF ALLOTMENT. DATE OF MATURITY 08/05/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 22May20 & on NSE stock exchange on 22May20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 29Apr20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.