7.94% Konkan Railway Corporation Limited - AAA Rated (INE139F07113)

Konkan Railway Corporation Limited, a Utilities company, has floated Bond, having ISIN value as INE139F07113, with a face value of ₹10,00,000 rs on 01Oct19 to raise 120 crores. The debt instrument is issued with a coupon rate of 7.94% 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 7.94% SECURED RATED LISTED REDEEMABLE TAXABLE NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURE. SERIES 19-I. LETTER OF ALLOTMENT. DATE OF MATURITY 01/10/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 04Oct19 & on NSE stock exchange on 04Oct19. INDIA RATING AND RESEARCH PVT. LTD has given AAA(CE) rating to this Bond on 16Sep19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.