9.50% Biaora To Dewas Highway Private Limited - AA Rated (INE822V07012)

Biaora To Dewas Highway Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE822V07012, with a face value of ₹1,00,000 rs on 31Dec20 to raise 800 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/03/2038.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA rating to this Debenture on 29Sep23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.