7.37% Tata Realty And Infrastructure Limited - AA Rated (INE371K08201)

Tata Realty And Infrastructure Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE371K08201, with a face value of ₹10,00,000 rs on 02Jun22 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.37% 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 Unsecured Debenture is 7.37% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES XVIII. DATE OF MATURITY 09/06/2023.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Jun22. ICRA LIMITED has given AA+ rating to this Debenture on 13Sep22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.