12.50% Hindustan Oil Ventures Limited (INE406W07012)

Hindustan Oil Ventures Limited, a Basic Materials company, has floated Debenture, having ISIN value as INE406W07012, with a face value of ₹10,00,000 rs on 04Jan17 to raise 1050 crores. The debt instrument is issued with a coupon rate of 12.50% and its interest is paid Monthly. 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 12.50% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 04/01/2019. 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.