13.40% Future Ideas Company Limited - D Rated (INE080T07110)

Future Ideas Company Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE080T07110, with a face value of ₹10,00,000 rs on 28Sep18 to raise 100 crores. The debt instrument is issued with a coupon rate of 13.40% and its interest is paid Quarterly. 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 13.40% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C . LETTER OF ALLOTMENT. DATE OF MATURITY 31/01/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 14Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.