0.40% Punjab Infrastructure Development Board - BBB Rated (INE091D11162)

Punjab Infrastructure Development Board, a Utilities company, has floated Bond, having ISIN value as INE091D11162, with a face value of ₹10,00,000 rs on 15Oct08 to raise 57.2 crores. The debt instrument is issued with a coupon rate of 0.40% 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 Bond is 0.40% Unsecured Non Convertible Deep Discount Bonds (2008 Series-III) in the nature of Debentures. Letter of allotment ,STRPP-F.Date of Maturity: 15/10/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is listed on NSE stock exchange on 22Sep09 & on BSE stock exchange on 22Sep09. CARE Ratings Limited has given BBB-(CE) rating to this Bond on 15Oct08. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.