11.90% Jaiprakash Associates Limited - D Rated (INE455F07683)

Jaiprakash Associates Limited, a Cement & Cement Products company, has floated Debenture, having ISIN value as INE455F07683, with a face value of ₹10,00,000 rs on 09Oct14 to raise 85 crores. The debt instrument is issued with a coupon rate of 11.90% 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 11.90% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT. SERIES - YY STRPP-14 . DATE OF MATURITY 31/12/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Nov14. CARE Ratings Limited has given D rating to this Debenture on 09Oct14. This issuer is formerly known as JAYPEE CEMENT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.