7.90% Welspun Corp Limited - AA Rated (INE191B08020)

Welspun Corp Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE191B08020, with a face value of ₹10,00,000 rs on 09Jul21 to raise 40 crores. The debt instrument is issued with a coupon rate of 7.90% 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 Unsecured Debenture is 7.90% UNSECURED LISTED RATED NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF MATURITY 09/07/2036. 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 12Jul21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 30Jun21. 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.