7.18% Ongc Petro Additions Limited - AAA Rated (INE163N08214)

Ongc Petro Additions Limited, a Petrochemicals company, has floated Debenture, having ISIN value as INE163N08214, with a face value of ₹1,00,00,000 rs on 28Mar18 to raise 492 crores. The debt instrument is issued with a coupon rate of 7.18% 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 7.18% UNSECURED RATED UNLISTED COMPULSORILY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 28/03/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AAA(CE) rating to this Debenture on 10Aug22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.