17.50% Jain Housing & Constructions Limited (INE394R07036)

Jain Housing & Constructions Limited, a Diversified company, has floated Debenture, having ISIN value as INE394R07036, with a face value of ₹9,83,330 rs on 30Jul21 to raise 45 crores. The debt instrument is issued with a coupon rate of 17.50% 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 17.5% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 30/07/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value 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.