Ashoka Highways (bhandara) Limited, a Utilities company, has floated Debenture, having ISIN value as INE850J07018, with a face value of ₹10,000 rs on 02Mar15 to raise 170 crores. The debt instrument is issued with a coupon rate of 10.58% and its interest is paid Monthly. 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 10.58% SECURED REDEEMABLE NON CONVERTIBLE. LETTER OF ALLOTMENT. SERIES I. DATE OF MATURITY 15/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL LIMITED has given A rating to this Debenture on 02Nov22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.