Bhilangana Hydro Power Limited - A Rated (INE453I07187)

Bhilangana Hydro Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE453I07187, with a face value of ₹10,00,000 rs on 31Mar22 to raise 16.2 crores. The debt instrument is issued with a coupon rate of 1YR MCLR LINKED and its interest is paid Monthly. 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 Debenture is 1YR MCLR LINKED SECURED RATED UNLSITED NON CONVERTIBLE DEBENTURE.SERIES 4B.LETTER OF ALLOTMENT.DATE OF MATURITY 21/01/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given A+ rating to this Debenture on 28Mar22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.