14% Mahindra World City (jaipur) Limited (INE674N08012)

Mahindra World City (jaipur) Limited, a Utilities company, has floated Debenture, having ISIN value as INE674N08012, with a face value of ₹100 rs on 05Jul18 to raise 66.2287 crores. The debt instrument is issued with a coupon rate of 14% 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 Unsecured Debenture is 14% UNSECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1A. DATE OF MATURITY 04/07/2037. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.