9.70% Tamilnadu Generation And Distribution Corporation Limited - A Rated (INE340M08160)

Tamilnadu Generation And Distribution Corporation Limited, a Energy company, has floated Bond, having ISIN value as INE340M08160, with a face value of ₹10,00,000 rs on 24Dec16 to raise 40 crores. The debt instrument is issued with a coupon rate of 9.70% and its interest is paid Semi 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 Unsecured Bond is 9.70% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS SERIES II 2016-17. DATE OF MATURITY 24/12/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 06Jan17. INDIA RATING AND RESEARCH PVT. LTD has given A(CE) rating to this Bond on 06Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.