6.29% Ntpc Limited - AAA Rated (INE733E08155)

Ntpc Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE733E08155, with a face value of ₹10,00,000 rs on 31Jul20 to raise 1000 crores. The debt instrument is issued with a coupon rate of 6.29% 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 6.29% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT SERIES 71. MATURITY DATE : 11/04/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 03Aug20 & on BSE stock exchange on 04Aug20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 09Oct20. 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.