Reliance Industries Limited - AAA Rated (INE002A08658)

Reliance Industries Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE002A08658, with a face value of ₹10,00,000 rs on 19May20 to raise 3600 crores. The debt instrument is issued with a coupon rate of MIBOR LINKED+2.90% 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 Unsecured Debenture is MIBOR+2.90% UNSECURED, NOT GUARANTEED, TAXABLE, NON-CUMULATIVE, RATED, REDEEMABLE, NON-CONVERTIBLE PRIVATE PLACEMENT OF DEBENTURES SERIES - PPD SERIES N. LETTER OF ALLOTMENT. DATE OF MATURITY: 21/09/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 21May20 & on BSE stock exchange on 22May20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 07May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.