8.93% Reliance Capital Limited - D Rated (INE013A070R4)

Reliance Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE013A070R4, with a face value of ₹10,00,000 rs on 09Mar18 to raise 900 crores. The debt instrument is issued with a coupon rate of 8.93% 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 8.93% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. RCL F SERIES B-NCD-382. DATE OF MATURITY 09/03/2028. 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 19Mar18. CARE RATINGS LIMITED has given D rating to this Debenture on 09Mar18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.