Kotak Mahindra Bank Limited, a Finance company, has floated Debenture, having ISIN value as INE237A08940, with a face value of ₹10,00,000 rs on 28Mar19 to raise 150 crores. The debt instrument is issued with a coupon rate of 8.25% 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 Debenture is 8.25% SENIOR UNSECURED RATED LISTED REDEEMABLE BONDS IN THE NATURE OF NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 28/04/2026. 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 05Apr19 & on NSE stock exchange on 03Apr19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 25Mar19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.