10.25% Rajasthan State Road Transport Corporation - BB Rated (INE700N08015)

Rajasthan State Road Transport Corporation, a Utilities company, has floated Bond, having ISIN value as INE700N08015, with a face value of ₹10,00,000 rs on 20Feb14 to raise 175 crores. The debt instrument is issued with a coupon rate of 10.25% 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 Bond is 10.25% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES I (RSRTC BONDS 2013-14). LETTER OF ALLOTMENT. DATE OF MATURITY 20/02/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 07Mar14 & on NSE stock exchange on 07Mar14. Acuite Ratings And Research Limited has given BB- rating to this Bond on 14Jun13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.