7.14% North Eastern Electric Power Corporation Limited - AA Rated (INE636F08066)

North Eastern Electric Power Corporation Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE636F08066, with a face value of ₹10,00,000 rs on 24Mar22 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.14% 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 Unsecured Debenture is 7.14% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLETAXABLE BONDS IN THE NATURE OF DEBENTURES.SERIES XXIII. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2030. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 28Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 18Feb22. This issuer is formerly known as NORTH EASTERN ELECTRIC POWER CORPORATION PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.