13.90% Sand Land Real Estates Private Limited (INE046O08029)

Sand Land Real Estates Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE046O08029, with a face value of ₹100 rs on 10Dec17 to raise 150 crores. The debt instrument is issued with a coupon rate of 13.90% and its interest is paid Quarterly. 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 Unsecured Debenture is 13.90% UNSECURED UNRATED UNLISTED REDEEMABLE OPTIONALLY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 01/04/2047. 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. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.