11.50% Indiabulls Infraestate Limited - A Rated (INE741X07051)

Indiabulls Infraestate Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE741X07051, with a face value of ₹6,20,000 rs on 25Mar22 to raise 25 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 LISTED RATED NON CONVERTIBLE DEBENTURES. 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 29Mar22. Infomerics Valuation and Rating Pvt. Ltd has given A+(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.