Thar Surya 1 Private Limited (INE0J2E07014)

Thar Surya 1 Private Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE0J2E07014, with a face value of ₹10,00,000 rs on 23Mar22 to raise 215 crores. The debt instrument is issued with a coupon rate of FIXED BASE RATE + SPREAD (INITIAL FIXED BASE RATE OF 6.82%) 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 FIXED BASE RATE + SPREAD SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 31/03/2042.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.