Ashoka Highways (durg) Limited - BBB Rated (INE003K07012)

Ashoka Highways (durg) Limited, a Utilities company, has floated Debenture, having ISIN value as INE003K07012, with a face value of ₹1,00,000 rs on 10Nov16 to raise 200 crores. The debt instrument is issued with a coupon rate of 5 YEAR IDFC IDF BENCHMARK RATE LINKED 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 IDFC IDF BENCHMARK RATE LINKED SECURED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 15/06/2025. 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. ICRA LIMITED has given BBB+ rating to this Debenture on 30May23. This issuer is formerly known as ASHOKA MARG NIRMAN (DURG) LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.