7.65% Sikka Ports & Terminals Limited - AAA Rated (INE941D07182)

Sikka Ports & Terminals Limited, a Port & Port services company, has floated Debenture, having ISIN value as INE941D07182, with a face value of ₹10,00,000 rs on 17Mar20 to raise 3500 crores. The debt instrument is issued with a coupon rate of 7.65% 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 Debenture is 7.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES PPD 10. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2023. 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 19Mar20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 09Mar20. This issuer is formerly known as RELIANCE PORTS AND TERMINALS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.