12% Perungudi Real Estates Private Limited - BBB Rated (INE05CV08072)

Perungudi Real Estates Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE05CV08072, with a face value of ₹100 rs on 24Apr19 to raise 60 crores. The debt instrument is issued with a coupon rate of 12% 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 12% UNSECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 24/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB+ rating to this Debenture on 11Jan19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.