8.90% Kerala Financial Corporation - AA Rated (INE818F07013)

Kerala Financial Corporation, a Utilities company, has floated Bond, having ISIN value as INE818F07013, with a face value of ₹2,50,000 rs on 09May16 to raise 250 crores. The debt instrument is issued with a coupon rate of 8.90% 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 Secured Bond is 8.90% SECURED REDEEMABLE NON CONVERTIBLE BONDS. SERIES 1/2016. DATE OF MATURITY 09/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 26May16. Infomerics Valuation and Rating Pvt. Ltd has given AA rating to this Bond on 21Feb23. This issuer is formerly known as TRAVANCORE- COCHIN FINANCIAL CORPORATION Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.