9.38% Mahanagar Telephone Nigam Limited. - AAA Rated (INE153A08022)

Mahanagar Telephone Nigam Limited., a Telecom - Cellular & Fixed line services company, has floated Bond, having ISIN value as INE153A08022, with a face value of ₹10,00,000 rs on 05Dec13 to raise 1975 crores. The debt instrument is issued with a coupon rate of 9.38% 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 Bond is 9.38% UNSECURED GOVERMENT OF INDIA GURANTEED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 05/12/2023. 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 13Dec13. CRISIL RATINGS LIMITED has given AAA (CE) rating to this Bond on 28Nov13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.