6.63% Ongc Petro Additions Limited (INE163N08180)

Ongc Petro Additions Limited, a Petrochemicals company, has floated Debenture, having ISIN value as INE163N08180, with a face value of ₹10,00,000 rs on 09Jul21 to raise 510 crores. The debt instrument is issued with a coupon rate of 6.63% 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 6.63% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES VII. DATE OF MATURITY 09/07/2024.. 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 12Jul21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 09Jul21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.