8% West Gujarat Expressway Limited - D Rated (INE475I07032)

West Gujarat Expressway Limited, a Industrial company, has floated Debenture, having ISIN value as INE475I07032, with a face value of ₹97,250 rs on 18Dec14 to raise 79 crores. The debt instrument is issued with a coupon rate of 8% and its interest is paid Monthly. 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 8% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C. LETTER OF ALLOTMENT. DATE OF MATURITY 15/09/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 04Mar20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.