10.08% Iot Utkal Energy Services Limited (INE310L07803)

Iot Utkal Energy Services Limited, a Oil Storage & Transportation company, has floated Debenture, having ISIN value as INE310L07803, with a face value of ₹1,00,000 rs on 09Apr14 to raise 1525 crores. The debt instrument is issued with a coupon rate of 10.08% 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 10.08% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III STRPP-7 DATE OF MATURITY 20/01/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 28Apr14. INDIA RATING AND RESEARCH PVT. LTD has given WITHDRAWN rating to this Debenture on 24Aug15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.