Parag Milk Foods Limited - BBB Rated (INE883N07011)

Parag Milk Foods Limited, a Consumer Goods including FMGC company, has floated Debenture, having ISIN value as INE883N07011, with a face value of ₹10,00,000 rs on 18May21 to raise 150 crores. The debt instrument is issued with a coupon rate of MIBOR LINKED 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 Debenture is MIBOR LINKED SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT.DATE OF MATURITY 15/06/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB- rating to this Debenture on 08Apr24. This issuer is formerly known as PARAG MILK FOODS PRIVATE LIMITED, PARAG MILK AND MILK PRODUCTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.