7.19%. If the credit rating of the debentures is downgraded, the coupon rate will be increased by 0.25% till AA-. If the credit rating of the debentures is upgraded from AA-, the coupon rate will be decreased by 0.25%. If the credit rating of the debentures is downgraded to A+, the coupon rate will be increased by 0.75%. If the credit rating of the debentures is upgraded from AA-, the coupon rate will be decreased by 0.75%.

Nexus Select Trust

Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.