9.34% West Bengal State Electricity Distribution Company Limited (INE411L07023)

West Bengal State Electricity Distribution Company Limited, a Energy company, has floated Bond, having ISIN value as INE411L07023, with a face value of ₹10,00,000 rs on 25Oct10 to raise 242 crores. The debt instrument is issued with a coupon rate of 9.34% and its interest is paid Semi 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 Bond is 9.34% Secured Non-Convertible Bonds in the nature of Debentures. Letter of Allotment. Series- II. Date of Maturity 25/10/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 30Nov10. CARE RATINGS LIMITED has given WITHDRAWN rating to this Bond on 20Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.