0% Metropolitan Lifespace Real Estate Developers Private Limited - B Rated (INE029T08131)

Metropolitan Lifespace Real Estate Developers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE029T08131, with a face value of ₹51,995 rs on 09Dec15 to raise 70 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 31/03/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given B rating to this Debenture on 22Nov22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.