6.50% National Highways Authority Of India - AAA Rated (INE906B07IE0)

National Highways Authority Of India, a Toll bridge operator company, has floated Bond, having ISIN value as INE906B07IE0, with a face value of ₹10,00,000 rs on 05Aug20 to raise 1270 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 Secured Bond is 6.50% SECURED LISTED RATED REDEEMABLE TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES-IV-ETF-II. DATE OF MATURITY 11/04/2031. 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 10Aug20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 01Apr20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.