8.90% Prestige Projects Private Limited - A Rated (INE757O07015)

Prestige Projects Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE757O07015, with a face value of ₹2,80,190 rs on 05Jan22 to raise 600 crores. The debt instrument is issued with a coupon rate of 8.90% 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 8.90% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF MATURITY 05/01/2026. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 10Jan22. ICRA LIMITED has given A+(CE) rating to this Debenture on 25Jul23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.