7.12% National Highways Authority Of India - AAA Rated (INE906B07JB4)

National Highways Authority Of India, a Toll bridge operator company, has floated Bond, having ISIN value as INE906B07JB4, with a face value of ₹10,00,000 rs on 14Mar22 to raise 3940.7 crores. The debt instrument is issued with a coupon rate of 7.12% 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 7.12% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IV. DATE OF MATURITY 14/03/2037. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 15Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 31Mar21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.