7.60% Food Corporation Of India - AAA Rated (INE861G08068)

Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08068, with a face value of ₹10,00,000 rs on 09Jan20 to raise 5262.3 crores. The debt instrument is issued with a coupon rate of 7.60% 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 Bond is 7.60% GOVERMENT OF INDIA GURANTEED UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. SERIES VII A. DATE OF MATURITY 09/01/2030. 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 16Jan20 & on NSE stock exchange on 16Jan20. CRISIL RATINGS LIMITED has given AAA(CE) rating to this Bond on 27Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.