9.15% The Tata Power Company Limited - AA Rated (INE245A07390)

The Tata Power Company Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE245A07390, with a face value of ₹1,00,000 rs on 17Sep10 to raise 16 crores. The debt instrument is issued with a coupon rate of 9.15% 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 Debenture is 9.15% Secured Non-Convertible Debenture. Series - M. Date of Maturity 17/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 20Jan11 & on BSE stock exchange on 20Jan11. ICRA LIMITED has given AA rating to this Debenture on 17Oct23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.