Radiant Polymers Private Limited - BB Rated (INE007Z07052)

Radiant Polymers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE007Z07052, with a face value of ₹10,00,000 rs on 26Feb18 to raise 41.3 crores. The debt instrument is issued with a coupon rate of RESET RATE.8.5855% FROM 15.03.18-30.09.22, 8.7982% FROM 31.10.22-31.03.23,9.0109% FROM 30.04.23-30.09.23,9.4364% FROM 31.10.23-31.03.24, 9.8618% FROM 30.04.24-30.09.24 AND 10.5% FROM 31.10.24-31.03.26 and its interest is paid Monthly. 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 RESET RATE SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 31/03/2026. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL LIMITED has given BB- rating to this Debenture on 01Jan70. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.