9% Steel Authority Of India Limited - AA Rated (INE114A07869)

Steel Authority Of India Limited, a Iron & Steel company, has floated Bond, having ISIN value as INE114A07869, with a face value of ₹10,00,000 rs on 14Oct14 to raise 1000 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 Bond is 9% TAXABLE SECURED REDEEMABLE NON CONVERTIBLE BONDS. SERIES XXXVII ISSUE I AX SERIES. LETTER OF ALLOTMENT. DATE OF MATURITY 14/10/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 29Oct14. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 14Nov19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.