Gr Phagwara Expressway Limited - AAA Rated (INE207Y07010)

Gr Phagwara Expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE207Y07010, with a face value of ₹9,32,900 rs on 01Oct21 to raise 99 crores. The debt instrument is issued with a coupon rate of REPO RATE LINKED 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 REPO RATE LINKED SECURED RATED LISTED NON CONVERTIBLE DNENTURE.DATE OF MATURITY 30/09/2033. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 06Oct21. CARE RATINGS LIMITED has given AAA rating to this Debenture on 01Oct21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.