11.15% Era Infra Engineering Limited - D Rated (INE039E07167)

Era Infra Engineering Limited, a Utilities company, has floated Debenture, having ISIN value as INE039E07167, with a face value of ₹1,00,000 rs on 31Oct09 to raise 8 crores. The debt instrument is issued with a coupon rate of 11.15% 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 11.15% Secured Redeemable Non Convertible Debentures Series - B STRPP- II. Date of Maturity : 31/10/2013. 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 17Dec09. CARE Ratings Limited has given D rating to this Debenture on 01Dec13. This issuer is formerly known as ERA CONSTRUCTIONS INDIA LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.