11.50% Indiabulls Infraestate Limited - AA Rated (INE741X07044)

Indiabulls Infraestate Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE741X07044, with a face value of ₹3,20,000 rs on 29Dec21 to raise 75 crores. The debt instrument is issued with a coupon rate of 11.50% 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 11.50% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 11/07/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 31Dec21. Infomerics Valuation and Rating Pvt. Ltd has given AA-(CE) rating to this Debenture on 18Jan23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.