9% Sadbhav Engineering Limited - D Rated (INE226H07098)

Sadbhav Engineering Limited, a Engineering, Designing & Construction company, has floated Debenture, having ISIN value as INE226H07098, with a face value of ₹10,00,000 rs on 22Jun18 to raise 170 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 3. DATE OF MATURITY 22/06/2023. 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 29Jun18. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 16Sep20. This issuer is formerly known as SADBHAV ENGINEERING PVT. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.