9% Raymond Limited - AA Rated (INE301A07060)

Raymond Limited, a Other Textile Products company, has floated Debenture, having ISIN value as INE301A07060, with a face value of ₹10,00,000 rs on 10Feb21 to raise 200 crores. The debt instrument is issued with a coupon rate of 9% 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 Secured Debenture is 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES P. DATE OF MATURITY : 09/02/2031.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 12Feb21. CARE RATINGS LIMITED has given AA- rating to this Debenture on 10Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.