7.12% Ongc Petro Additions Limited - AAA Rated (INE163N08206)

Ongc Petro Additions Limited, a Petrochemicals company, has floated Debenture, having ISIN value as INE163N08206, with a face value of ₹1,00,00,000 rs on 02Jul16 to raise 5615 crores. The debt instrument is issued with a coupon rate of 7.12% and its interest is paid Semi 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 7.12% UNSECURED UNLISTED COMPULSORILY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 02/01/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AAA(CE) rating to this Debenture on 02Jul16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.