9.75% Prism Johnson Limited - A Rated (INE010A08123)

Prism Johnson Limited, a Industrial company, has floated Debenture, having ISIN value as INE010A08123, with a face value of ₹10,00,000 rs on 21Aug20 to raise 75 crores. The debt instrument is issued with a coupon rate of 9.75% 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 Unsecured Debenture is 9.75% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE XVII 2023. DATE OF MATURITY 21/08/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Sep20. INDIA RATING AND RESEARCH PVT. LTD has given A+ rating to this Debenture on 12Aug20. This issuer is formerly known as PRISM CEMENT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.