6.58% L&t Metro Rail (hyderabad) Limited - AAA Rated (INE128M08078)

L&t Metro Rail (hyderabad) Limited, a Railways company, has floated Debenture, having ISIN value as INE128M08078, with a face value of ₹10,00,000 rs on 30Dec21 to raise 2872 crores. The debt instrument is issued with a coupon rate of 6.58% 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 6.58% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES B. DATE OF MATURITY 30/04/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 31Dec21. INDIA RATING AND RESEARCH PVT. LTD has given AAA(CE) rating to this Debenture on 13Dec21. This issuer is formerly known as L&T HYDERABAD METRO RAIL PRIVATE LIMITED, L&T METRO RAIL (HYDERABAD) PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.