7.85% Prayatna Developers Private Limited - AA Rated (INE925U07049)

Prayatna Developers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE925U07049, with a face value of ₹10,00,000 rs on 03Feb22 to raise 26.2 crores. The debt instrument is issued with a coupon rate of 7.85% 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 Secured Debenture is 7.85% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES 5.DATE OF MATURITY 31/03/2034. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 07Feb22. INDIA RATING AND RESEARCH PVT. LTD has given AA+(CE) rating to this Debenture on 03Feb22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.