Knr Tirumala Infra Private Limited - AAA Rated (INE01NS07019)

Knr Tirumala Infra Private Limited, a Civil Construction company, has floated Debenture, having ISIN value as INE01NS07019, with a face value of ₹9,95,000 rs on 12Apr22 to raise 484 crores. The debt instrument is issued with a coupon rate of RESET RATE - 6.02% P.A. FOR 1 YEAR FOLLOWING THE DEEMED DATE OF ALLOTMENT, AND 6.30% P.A. THEREAFTER and its interest is paid Semi 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 RESET RATE SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES A.DATE OF MATURITY 31/07/2035. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 16Mar22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.