7.70% Larsen And Toubro Limited - AAA Rated (INE018A08BA7)

Larsen And Toubro Limited, a Diversified company, has floated Debenture, having ISIN value as INE018A08BA7, with a face value of ₹10,00,000 rs on 28Apr20 to raise 2500 crores. The debt instrument is issued with a coupon rate of 7.70% 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 7.70% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 28/04/2025. 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 12May20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 21Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.