8.50% Konkan Railway Corporation Limited - AAA Rated (INE139F07089)

Konkan Railway Corporation Limited, a Utilities company, has floated Bond, having ISIN value as INE139F07089, with a face value of ₹10,00,000 rs on 30Mar16 to raise 250 crores. The debt instrument is issued with a coupon rate of 8.50% 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 Secured Bond is 8.50% SECURED REDEEMABLE NON CONVERTIBLE BONDS. LETTER OF ALLOTMENT. SERIES 17-II DATE OF MATURITY 30/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 04Apr16 & on BSE stock exchange on 04Apr16. CARE Ratings Limited has given AAA(CE) rating to this Bond on 30Mar16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.