8.50% Nhpc Limited - AAA Rated (INE848E07880)

Nhpc Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE848E07880, with a face value of ₹1,00,000 rs on 14Jul15 to raise 122.91 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES T STRRP J. LETTER OF ALLOTMENT. DATE OF MATURITY 14/07/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 20Jul15 & on NSE stock exchange on 20Jul15. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 03Jul15. This issuer is formerly known as NATIONAL HYDROELEC. POWER COR LTD Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.