8.75% Renew Akshay Urja Limited - AA Rated (INE558T07032)

Renew Akshay Urja Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE558T07032, with a face value of ₹9,84,150 rs on 26Sep17 to raise 410 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 3. DATE OF MATURITY 30/09/2034. 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 13Oct17. INDIA RATING AND RESEARCH PVT. LTD has given AA+(CE) rating to this Debenture on 01Jul19. This issuer is formerly known as RENEW AKSHAY URJA PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.