7.15% Brakes India Private Limited - AA Rated (INE0I3K07044)

Brakes India Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE0I3K07044, with a face value of ₹10,00,000 rs on 21Jun21 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.15% 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 7.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES D. DATE OF MATURITY 20/06/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jun21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 27May21. This issuer is formerly known as BRAKES INDIA LIMIED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.