L & T Interstate Road Corridor Limited, a Civil Construction company, has floated Debenture, having ISIN value as INE827N07182, with a face value of ₹5,00,000 rs on 19Jan15 to raise 10.4 crores. The debt instrument is issued with a coupon rate of 9.10% and its interest is paid on Maturity. 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 9.098% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES ISSUED IN FORM OF STRPPs. DATE OF MATURITY 15/10/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 30Jan15. ICRA LIMITED has given AAA rating to this Debenture on 08Dec23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.