8.85% Reliance Capital Limited - D Rated (INE013A073H9)

Reliance Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE013A073H9, with a face value of ₹10,00,000 rs on 02Nov16 to raise 1000 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-367-I. DATE OF MATURITY 02/11/2026. 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 15Nov16. CARE Ratings Limited has given D rating to this Debenture on 02Nov16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.