6.89% Biocon Biologics Limited - AA Rated (INE597V07010)

Biocon Biologics Limited, a Utilities company, has floated Debenture, having ISIN value as INE597V07010, with a face value of ₹10,00,000 rs on 21Sep20 to raise 200 crores. The debt instrument is issued with a coupon rate of 6.89% 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 Secured Debenture is 6.8949% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 19/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 16Sep20. This issuer is formerly known as BIOCON BIOLOGICS INDIA LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.