L&t Infra Credit Limited - AAA Rated (INE235P07993)

L&t Infra Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE235P07993, with a face value of ₹10,00,000 rs on 25Feb20 to raise 250 crores. The debt instrument is issued with a coupon rate of 10 YEAR G-SEC LINKED - IGB 6.45 10-07-29 and its interest is paid on Maturity. 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 Debenture is 10 YEAR G-SEC RATE LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED SENIOR NON CONVERTIBLE DEBENTURES. SERIES E OF FY 2019-20. DATE OF MATURITY 25/03/2025. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28Feb20. CRISIL RATINGS LIMITED has given PP-MLD AAA rating to this Debenture on 19Feb20. This issuer is formerly known as L&T INFRA DEBT FUND LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.