9.65% J.k.cement Limited - AA Rated (INE823G07193)

J.k.cement Limited, a Utilities company, has floated Debenture, having ISIN value as INE823G07193, with a face value of ₹10,00,000 rs on 06May15 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.65% 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 9.65% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES FOURTH. DATE OF MATURITY 06/05/2025. 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 13May15. CARE Ratings Limited has given AA+ rating to this Debenture on 06May15. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.