Dbl Mangloor Highways Private Limited - AAA Rated (INE00PT07014)

Dbl Mangloor Highways Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE00PT07014, with a face value of ₹9,90,000 rs on 29Mar22 to raise 263 crores. The debt instrument is issued with a coupon rate of RESET RATE-6.45% P.A. FOR 1 YEAR FOLLOWING THE DEEMED DATE OF ALLOTMENT AND 6.64% P.A. THEREAFTER and its interest is paid Semi 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 RESET RASTE SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES A.DATE OF MATURITY 31/08/2035. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 31Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 02Mar22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.