Moradabad Bareilly Expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE447T07012, with a face value of ₹99,895 rs on 31Mar17 to raise 355 crores. The debt instrument is issued with a coupon rate of 9.20% 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 9.20% SECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 30/09/2033. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 31Mar17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.