8.25% Reliance Industries Limited - AAA Rated (INE110L07047)

Reliance Industries Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE110L07047, with a face value of ₹10,00,000 rs on 30Oct15 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.25% and its interest is paid Quarterly. 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 8.25% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES PPD 8. LETTER OF ALLOTMENT. DATE OF MATURITY 30/10/2025. 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 BSE stock exchange on 03Nov15 & on NSE stock exchange on 02Nov15. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 08Oct15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.