9.35% Irb Ahmedabad Vadodara Super Express Tollway Private Limited - BBB Rated (INE102N07016)

Irb Ahmedabad Vadodara Super Express Tollway Private Limited, has floated Debenture, having ISIN value as INE102N07016, with a face value of ₹92,069 rs on 13Mar18 to raise 450 crores. The debt instrument is issued with a coupon rate of 9.35% 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 9.35% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/12/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given BBB rating to this Debenture on 16Jul18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.