8.76% Jsw Steel Limited - AA Rated (INE019A07449)

Jsw Steel Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE019A07449, with a face value of ₹10,00,000 rs on 03May21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.76% and its interest is paid 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 8.76% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 02/05/2031. 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 06May21. CARE RATINGS LIMITED has given AA rating to this Debenture on 03May21. 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.