8.72% Kerala Financial Corporation - AA Rated (INE818F08029)

Kerala Financial Corporation, a Utilities company, has floated Bond, having ISIN value as INE818F08029, with a face value of ₹5,00,000 rs on 07Jun13 to raise 99.9 crores. The debt instrument is issued with a coupon rate of 8.72% 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 Bond is 8.72% UNSECURED NON CONVERTIBLE NON SLR BONDS SERIES 1/2013 DATE OF MATURITY 06/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. 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.