8.61% Ntpc Limited - AAA Rated (INE733E07JM3)

Ntpc Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE733E07JM3, with a face value of ₹10,00,000 rs on 04Mar14 to raise 320 crores. The debt instrument is issued with a coupon rate of 8.61% and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 8.61% SECURED NON-CONVERTIBLE REDEEMABLE TAX FREE BONDS IN THE NATURE OF DEBENTURES. SERIES LI C. LETTER OF ALLOTMENT. DATE OF MATURITY 04/03/2034. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 18Mar14 & on NSE stock exchange on 18Mar14. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19Feb14. This issuer is formerly known as NATIONAL THERMAL POWER CORPORATION LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.