National Highways Authority Of India - AAA Rated (INE906B07GK1)

National Highways Authority Of India, a Toll bridge operator company, has floated Bond, having ISIN value as INE906B07GK1, with a face value of ₹10,00,000 rs on 28Jun18 to raise 2195 crores. The debt instrument is issued with a coupon rate of 10 YEARS GSEC RATE LINKED 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 Secured Bond is 10 YRS G-SEC RATE LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES 1. DATE OF MATURITY 21/06/2048. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 05Jul18. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 29Mar18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.