9.18% Nrss Xxxi (b) Transmission Limited - AAA Rated (INE163R08BB3)

Nrss Xxxi (b) Transmission Limited, a Power - Transmission company, has floated Debenture, having ISIN value as INE163R08BB3, with a face value of ₹10,00,000 rs on 20Sep17 to raise 7.1 crores. The debt instrument is issued with a coupon rate of 9.18% and its interest is paid Quarterly. 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 9.18% UNSECURED RATED SENIOR LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES IN THE FORM OF SEPARATELY TRADABLE AND REDEEMABLE PRINCIPAL PARTS. SERIES III- STRPPs 43. DATE OF MATURITY 31/03/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 11Oct17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 12Jul19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.