8.79% Jsw Steel Limited - AA Rated (INE019A07415)

Jsw Steel Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE019A07415, with a face value of ₹10,00,000 rs on 18Oct19 to raise 2000 crores. The debt instrument is issued with a coupon rate of 8.79% 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 8.79% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 17/10/2029. 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 25Oct19. CARE RATINGS LIMITED has given AA rating to this Debenture on 18Oct19. This issuer is formerly known as JINDAL VIJAYANAGAR STEEL LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.