8.80% Food Corporation Of India - AAA Rated (INE861G08027)

Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08027, with a face value of ₹10,00,000 rs on 22Mar13 to raise 4700 crores. The debt instrument is issued with a coupon rate of 8.80% 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 Secured Bond is 8.80% GOVERMENT OF INDIA GURANTED REDEEMABLE NON-CONVERTIBLE BONDS. SERIES V B IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2028. 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 05Apr13 & on NSE stock exchange on 05Apr13. CRISIL RATINGS LIMITED has given AAA (CE) rating to this Bond on 14Mar13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.