7.05% Reliance Industries Limited - AAA Rated (INE002A08625)

Reliance Industries Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE002A08625, with a face value of ₹10,00,000 rs on 13May20 to raise 4235 crores. The debt instrument is issued with a coupon rate of 7.05% 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 7.05% UNSECURED, NOT GUARANTEED, TAXABLE, NON-CUMULATIVE, RATED, LISTED , REDEEMABLE, NON-CONVERTIBLE PRIVATE PLACEMENT OF DEBENTURES. LETTER OF ALLOTMENT. SERIES -PPD SERIES M1 . MATURITY DATE 13/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on NSE stock exchange on 18May20 & on BSE stock exchange on 19May20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 07May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.