6.50% Tata Realty And Infrastructure Limited - AA Rated (INE371K08185)

Tata Realty And Infrastructure Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE371K08185, with a face value of ₹10,00,000 rs on 17Jun21 to raise 325 crores. The debt instrument is issued with a coupon rate of 6.50% 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 6.50% UNSECURED LISTED RATED REDEEMABLE NONCONVERTIBLE DEBENTURES.SERIES XVI. DATE OF MATURITY 17/07/2024. 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 22Jun21. ICRA LIMITED has given AA+ rating to this Debenture on 13Sep23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.