Varanasi Sangam Expressway Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE213Y07018, with a face value of ₹9,45,710 rs on 17Jun21 to raise 784 crores. The debt instrument is issued with a coupon rate of REPO RATE PLUS SPREAD 280 BPS 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 PLUS SPREAD 280 BPS SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 29/12/2034.. 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 BSE stock exchange on 23Jun21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 12Jun21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.