6% Sp Imperial Star Private Limited - BBB Rated (INE121X07031)

Sp Imperial Star Private Limited, a Utilities company, has floated Bond, having ISIN value as INE121X07031, with a face value of ₹10,00,000 rs on 23Mar20 to raise 1117 crores. The debt instrument is issued with a coupon rate of 6% 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 Bond is 6% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE BOND. LETTER OF ALLOTMENT. DATE OF MATURITY 23/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 31Mar20. CARE RATINGS LIMITED has given BBB rating to this Bond on 25Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.