6.25% Maithon Power Limited - AA Rated (INE082G07071)

Maithon Power Limited, a Energy company, has floated Debenture, having ISIN value as INE082G07071, with a face value of ₹10,00,000 rs on 24Dec20 to raise 199 crores. The debt instrument is issued with a coupon rate of 6.25% 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 6.25% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES MPLDEC20. DATE OF MATURITY 24/12/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 30Dec20. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 22Dec20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.