8.16% National Cooperative Development Corporation - AA Rated (INE014N07047)

National Cooperative Development Corporation, a Finance company, has floated Bond, having ISIN value as INE014N07047, with a face value of ₹10,00,000 rs on 23Aug19 to raise 450 crores. The debt instrument is issued with a coupon rate of 8.16% 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 Bond is 8.16% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES III. DATE OF MATURITY 23/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 04Sep19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 29Jul19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.