10.15% U.p. Power Corporation Limited - A Rated (INE540P07301)

U.p. Power Corporation Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE540P07301, with a face value of ₹5,00,000 rs on 27Mar18 to raise 646 crores. The debt instrument is issued with a coupon rate of 10.15% 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 Bond is 10.15% SECURED RATED LISTED GOVERNMENT GUARANTEED NON-CONVERTIBLE TAXABLE BONDS. SERIES II 2017-18 SUB SERIES D. DATE OF MATURITY 20/01/2023. 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 10Apr18. INDIA RATING AND RESEARCH PVT. LTD has given A+(CE) rating to this Bond on 30Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.