11% Welspun Corp Limited - AA Rated (INE191B07139)

Welspun Corp Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE191B07139, with a face value of ₹10,00,000 rs on 09Nov12 to raise 90 crores. The debt instrument is issued with a coupon rate of 11% 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 11% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 09/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on BSE stock exchange on 22Nov12. CRISIL LIMITED has given AA rating to this Debenture on 07May12. This issuer is formerly known as WELSPUN GUJARAT STAHL ROHREN LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.