Tata Power Renewable Energy Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE607M07016, with a face value of ₹8,15,000 rs on 27May19 to raise 500 crores. The debt instrument is issued with a coupon rate of KOTAK 1Y MCLR PLUS APPLICABLE SPREAD AS PER BID 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 KOTAK 1 YEAR MCLR RATE LINKED SECURED RATED LISTED NON CUMULATIVE REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 24/05/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 11Jun19 & on BSE stock exchange on 11Jun19. ICRA LIMITED has given AA+ rating to this Debenture on 17Dec24. This issuer is formerly known as INDUSTRIAL POWER INFRASTRUCTURE LTD., INDUSTRIAL POWER INFRASTRUCTURE PRIVATE LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.