9.60% North Eastern Electric Power Corporation Limited - AA Rated (INE636F07183)

North Eastern Electric Power Corporation Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE636F07183, with a face value of ₹4,00,000 rs on 01Oct14 to raise 2500 crores. The debt instrument is issued with a coupon rate of 9.60% and its interest is paid Semi 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 9.60% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. SERIES- XIV. DATE OF MATURITY 01/10/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 16Oct14. CARE Ratings Limited has given AA+ rating to this Bond on 01Oct14. This issuer is formerly known as NORTH EASTERN ELECTRIC POWER CORPORATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.