7.50% Hero Cycles Limited - A Rated (INE668E07080)

Hero Cycles Limited, a Utilities company, has floated Debenture, having ISIN value as INE668E07080, with a face value of ₹10,00,000 rs on 06Nov20 to raise 100 crores. The debt instrument is issued with a coupon rate of 7.50% 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 7.50% SECURED RATED REDEEMABLE UNLISTED TAXABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 06/11/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 22Jun20. This issuer is formerly known as HERO CYCLES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.