8.50% Jsw Steel Limited - AA Rated (INE019A07431)

Jsw Steel Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE019A07431, with a face value of ₹10,00,000 rs on 12Oct20 to raise 4000 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 12/10/2027. 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 14Oct20. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Debenture on 30Sep20. 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.