7.77% The Tata Power Company Limited - AA Rated (INE245A08240)

The Tata Power Company Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE245A08240, with a face value of ₹10,00,000 rs on 24Mar21 to raise 200 crores. The debt instrument is issued with a coupon rate of 7.77% 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 7.77% UNSECURED RATED LISTED SENIOR TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES TPCLMR03.DATE OF MATURITY 24/03/2031. 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 25Mar21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 17Feb21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.