8.85% Reliance Capital Limited - D Rated (INE013A070C6)

Reliance Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE013A070C6, with a face value of ₹10,00,000 rs on 13Jul16 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES FB-NCD-354. DATE OF MATURITY 13/07/2021. 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 28Jul16. CARE Ratings Limited has given D rating to this Debenture on 12Jul16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.