7.11% Niif Infrastructure Finance Limited - AAA Rated (INE246R07582)

Niif Infrastructure Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE246R07582, with a face value of ₹10,00,000 rs on 28Mar22 to raise 875 crores. The debt instrument is issued with a coupon rate of 7.11% 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 7.11% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES NIIF IFL PP 7 2021-22. DATE OF MATURITY 28/05/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 18May22. CARE RATINGS LIMITED has given AAA rating to this Debenture on 28Mar22. 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.