0.10% Zydus Foundation - A Rated (INE04VY08012)

Zydus Foundation, a Healthcare company, has floated Debenture, having ISIN value as INE04VY08012, with a face value of ₹10,00,000 rs on 24Mar20 to raise 185 crores. The debt instrument is issued with a coupon rate of 0.10% 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 0.10% UNSECURED, NOT GUARANTEED, SENIOR, LISTED, TAXABLE, NON CUMULATIVE, RATED, REDEEMABLE, NON CONVERTIBLE DEBENTURES TRANCHE I. LETTER OF ALLOTMENT. DATE OF MATURITY 25/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 22Apr20 & on BSE stock exchange on 22Apr20. CARE RATINGS LIMITED has given A- rating to this Debenture on 24Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.