8.45% Ongc Petro Additions Limited (INE163N08099)

Ongc Petro Additions Limited, a Petrochemicals company, has floated Debenture, having ISIN value as INE163N08099, with a face value of ₹10,00,000 rs on 26Sep19 to raise 435 crores. The debt instrument is issued with a coupon rate of 8.45% 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 Debenture is 8.45% UNSECURED LISTED RATED REDEEMABLE NON CUMULATIVE NON CONVERTIBLE DEBENTURES. SERIES III. DATE OF MATURITY 26/12/2022. 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 16Oct19. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 26Sep19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.