14.25% Gcorp Spaces Private Limited (INE518Q07032)

Gcorp Spaces Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE518Q07032, with a face value of ₹10,00,000 rs on 12Jan16 to raise 50 crores. The debt instrument is issued with a coupon rate of 14.25% 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 14.25% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 3. LETTER OF ALLOTMENT. DATE OF MATURITY 12/01/2025. 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 21Jan16. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given WITHDRAWN rating to this Debenture on 06Jan16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.