13.90% Incredible Realcon Private Limited - D Rated (INE499X08013)

Incredible Realcon Private Limited, a Utilities company, has floated Bond, having ISIN value as INE499X08013, with a face value of ₹10,00,000 rs on 10Oct17 to raise 600 crores. The debt instrument is issued with a coupon rate of 13.90% 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 Unsecured Bond is 13.9% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS. DATE OF MATURITY 28/09/2022. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 18Oct17. CARE Ratings Limited has given D rating to this Bond on 10Oct17. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.