7.25% Niif Infrastructure Finance Limited - AAA Rated (INE246R07483)

Niif Infrastructure Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE246R07483, with a face value of ₹10,00,000 rs on 04Feb21 to raise 244 crores. The debt instrument is issued with a coupon rate of 7.25% 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 7.25% SECURED RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. SERIES NIIF IFL PP 7/ FY2020-21. DATE OF MATURITY 04/02/2031. 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 05Feb21. CARE RATINGS LIMITED has given AAA rating to this Debenture on 04Feb21. This issuer is formerly known as IDFC INFRASTRUCTURE FINANCE LIMITED, IDFC INFRA DEBT FUND LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.