Vadodara Municipal Corporation, has floated Bond, having ISIN value as INE0KDG24012, with a face value of ₹10,00,000 rs on 28Mar22 to raise 100 crores. The debt instrument is issued with a coupon rate of 7.15% 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 Unsecured Bond is 7.15% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES I. DATE OF MATURITY 28/03/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 29Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 16Dec21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.