6.63% Hindustan Petroleum Corporation Limited - AAA Rated (INE094A08093)

Hindustan Petroleum Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE094A08093, with a face value of ₹10,00,000 rs on 07May21 to raise 1950 crores. The debt instrument is issued with a coupon rate of 6.63% 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 6.63% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE DEBENTURES. SERIES I. DATE OF MATURITY 11/04/2031. 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 10May21 & on BSE stock exchange on 11May21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 21Jul20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.