7.40% Crompton Greaves Consumer Electricals Limited - AA Rated (INE299U07064)

Crompton Greaves Consumer Electricals Limited, a Consumer Electronics company, has floated Debenture, having ISIN value as INE299U07064, with a face value of ₹10,00,000 rs on 12Jul22 to raise 325 crores. The debt instrument is issued with a coupon rate of 7.40% 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 7.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 12/01/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 13Jul22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 24Jun22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.