9.50% Reliance Broadcast Network Limited - AAA Rated (INE445K07072)

Reliance Broadcast Network Limited, a Telecommunications company, has floated Debenture, having ISIN value as INE445K07072, with a face value of ₹10,00,000 rs on 20Jul15 to raise 66.8 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.5% SECURED REDEEMABLE NON CONVERTIBLE PARTLY PAID DEBENTURES. SERIES C. DATE OF MATURITY 20/07/2020. 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. CARE Ratings Limited has given AAA (SO) rating to this Debenture on 17Jul15. This issuer is formerly known as RELIANCE MEDIA WORLD LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.