8.50% Fenace Auto Limited (INE06II07019)

Fenace Auto Limited, a Utilities company, has floated Debenture, having ISIN value as INE06II07019, with a face value of ₹100 rs on 07Mar19 to raise 20 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.5% SECURED, GUARANTEED, SENIOR, TAXABLE, NON CUMULATIVE, UNRATED, REDEEMABLE, NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.