8.41% Pune Solapur Expressways Pvt. Ltd - AA Rated (INE598K08019)

Pune Solapur Expressways Pvt. Ltd, a Utilities company, has floated Debenture, having ISIN value as INE598K08019, with a face value of ₹9,89,790 rs on 09Sep20 to raise 197.4 crores. The debt instrument is issued with a coupon rate of 8.41% 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 Unsecured Debenture is 8.41% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES C. DATE OF MATURITY 31/03/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Sep20. ICRA LIMITED has given AA+(CE) rating to this Debenture on 09May23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.