National Highways Authority Of India - AAA Rated (INE906B07GL9)

National Highways Authority Of India, a Toll bridge operator company, has floated Bond, having ISIN value as INE906B07GL9, with a face value of ₹10,00,000 rs on 02Aug18 to raise 2060.2 crores. The debt instrument is issued with a coupon rate of 10 YR G SEC 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 II. DATE OF MATURITY 02/08/2048. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 08Aug18. 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.