9.85% L&t Metro Rail (hyderabad) Limited - AAA Rated (INE128M08037)

L&t Metro Rail (hyderabad) Limited, a Railways company, has floated Debenture, having ISIN value as INE128M08037, with a face value of ₹10,00,000 rs on 28Jan16 to raise 250 crores. The debt instrument is issued with a coupon rate of 9.85% and its interest is paid Semi 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 9.85% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT SERIES THIRD. DATE OF MATURITY 28/01/2036. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 11Feb16. INDIA RATING AND RESEARCH PVT. LTD has given AAA(CE) rating to this Debenture on 18Jan16. This issuer is formerly known as L&T HYDERABAD METRO RAIL PRIVATE LIMITED, L&T METRO RAIL (HYDERABAD) PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.