8.55% The Tata Power Company Limited - AA Rated (INE295J08063)

The Tata Power Company Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE295J08063, with a face value of ₹10,00,000 rs on 20Jul20 to raise 350 crores. The debt instrument is issued with a coupon rate of 8.55% 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 8.55% UNSECURED RATED LISTED REDEEMABLE TAXABLE GURANTEED NON CONVERTIBLE DEBENTURES. SERIES CGPLJL01.DATE OF MATURITY 20/07/2023. 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 29Jul20. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 10Jul20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.