N.a.m.expressway Limited (INE142U08015)

N.a.m.expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE142U08015, with a face value of ₹100 rs on 30Nov18 to raise 530 crores. The debt instrument is issued with a coupon rate of LINKED TO SBI BASE RATE + 500 BASIS POINT 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 Unsecured Debenture is SBI BASE RATE LINKED UNSECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES NAMEL. DATE OF MATURITY 16/01/2035. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.