18.50% Miraya Realty Private Limited - B Rated (INE244S08229)

Miraya Realty Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE244S08229, with a face value of ₹1,00,000 rs on 09Feb15 to raise 37.5 crores. The debt instrument is issued with a coupon rate of 18.50% and its interest is paid on Maturity. 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 18.5% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 2. DATE OF MATURITY 18/09/2022.. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given B- rating to this Debenture on 30Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.