Municipal Corporation Bhopal, a Utilities company, has floated Bond, having ISIN value as INE01OI24013, with a face value of ₹10,00,000 rs on 26Sep18 to raise 175 crores. The debt instrument is issued with a coupon rate of 9.55% 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 Bond is 9.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS. SERIES I. DATE OF MATURITY 26/09/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on NSE stock exchange on 16Oct18. Acuite Ratings And Research Limited has given AA rating to this Bond on 06Sep18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.