12.50% Tanglin Developments Limited - A Rated (INE311I07088)

Tanglin Developments Limited, a Industrial company, has floated Debenture, having ISIN value as INE311I07088, with a face value of ₹10,00,000 rs on 15Jun18 to raise 50 crores. The debt instrument is issued with a coupon rate of 12.50% 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 Secured Debenture is 12.50% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE TAXABLE DEBENTURES. SERIES I. DATE OF MATURITY 15/01/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A- (SO) rating to this Debenture on 27Jun18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.