6.85% Nlc India Limited - AAA Rated (INE589A08043)

Nlc India Limited, a Utilities company, has floated Bond, having ISIN value as INE589A08043, with a face value of ₹10,00,000 rs on 20Dec21 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.85% 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 Unsecured Bond is 6.85% UNSECURED RATED LISTED NON CONVERTIBLE BOND. SERIES II. DATE OF MATURITY 13/04/2032.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 22Dec21 & on BSE stock exchange on 22Dec21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 31Mar23. This issuer is formerly known as NEYVELI LIGNITE CORPORATION LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.