8.30% Steel Authority Of India Limited (INE114A07950)

Steel Authority Of India Limited, a Iron & Steel company, has floated Bond, having ISIN value as INE114A07950, with a face value of ₹10,00,000 rs on 01Aug16 to raise 1200 crores. The debt instrument is issued with a coupon rate of 8.30% 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 8.30% SECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. BG SERIES ISSUE I. DATE OF MATURITY 01/08/2023. 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 16Aug16. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 01Aug16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.