8.75% Reliance Capital Limited - D Rated (INE013A070B8)

Reliance Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE013A070B8, with a face value of ₹10,00,000 rs on 24Jun16 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.75% 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 Secured Debenture is 8.75% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES FB-NCD 353-IV. DATE OF MATURITY 23/06/2023. 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 D rating to this Debenture on 27Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.