10.56% Panipat Elevated Corridor Limited - BBB Rated (INE558N07100)

Panipat Elevated Corridor Limited, a Utilities company, has floated Debenture, having ISIN value as INE558N07100, with a face value of ₹10,00,000 rs on 04May12 to raise 40 crores. The debt instrument is issued with a coupon rate of 10.56% 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 Debenture is 10.56% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES K DATE OF MATURITY: 17/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB- rating to this Debenture on 27Feb24. This issuer is formerly known as L & T PANIPAT ELEVATED CORRIDOR LIMITED, L & T PANIPAT ELEVATED CORRIDOR PRIVATE LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.