8% Reliance Industries Limited - AAA Rated (INE110L07088)

Reliance Industries Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE110L07088, with a face value of ₹10,00,000 rs on 09Apr18 to raise 1591 crores. The debt instrument is issued with a coupon rate of 8% 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 8% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES PPD 12. LETTER OF ALLOTMENT. DATE OF MATURITY 09/04/2023. 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 12Apr18 & on BSE stock exchange on 16Apr18. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 29Mar18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.