8% Maithon Power Limited - AA Rated (INE082G07063)

Maithon Power Limited, a Energy company, has floated Debenture, having ISIN value as INE082G07063, with a face value of ₹10,00,000 rs on 09Feb17 to raise 500 crores. The debt instrument is issued with a coupon rate of 8% 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 Secured Debenture is 8% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. STRPP E. DATE OF MATURITY 09/02/2027. 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 13Feb17 & on BSE stock exchange on 13Feb17. CARE Ratings Limited has given AA+ rating to this Debenture on 09Feb17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.