8.40% Mahua Bharatpur Expressways Limited - AAA Rated (INE835H07112)

Mahua Bharatpur Expressways Limited, a Utilities company, has floated Debenture, having ISIN value as INE835H07112, with a face value of ₹10,00,000 rs on 16Oct17 to raise 184.2 crores. The debt instrument is issued with a coupon rate of 8.40% and its interest is paid Quarterly. 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 8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A10. DATE OF MATURITY 04/10/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 20Nov17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 18Nov19. This issuer is formerly known as MADHUCON AGRA-JAIPUR EXPRESWAYS LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.