8.30% Jorabat Shillong Expressway Limited - D Rated (INE944Y07018)

Jorabat Shillong Expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE944Y07018, with a face value of ₹26,136 rs on 27Dec17 to raise 66.04 crores. The debt instrument is issued with a coupon rate of 8.30% and its interest is paid Semi Annually. 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 8.30% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. STRPP 1. DATE OF MATURITY 01/03/2019. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 09Jan18. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 04Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.