Pnc Rajasthan Highways Private Limited - AAA Rated (INE709X07017)

Pnc Rajasthan Highways Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE709X07017, with a face value of ₹10,00,000 rs on 09Mar22 to raise 300.5 crores. The debt instrument is issued with a coupon rate of REPO RATE 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 REPO RATE LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 31/03/2034. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 11Mar22. CARE RATINGS LIMITED has given AAA rating to this Debenture on 24Sep21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.