7.20% Larsen And Toubro Limited - AAA Rated (INE018A08AV5)

Larsen And Toubro Limited, a Diversified company, has floated Debenture, having ISIN value as INE018A08AV5, with a face value of ₹10,00,000 rs on 20Apr20 to raise 1250 crores. The debt instrument is issued with a coupon rate of 7.20% 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 7.20% UNSECURED RATED LISTED REDEEMEABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 20/04/2023. 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 05May20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 15Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.