13% Whispering Heights Real Estate Private Limited - BBB Rated (INE290W08018)

Whispering Heights Real Estate Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE290W08018, with a face value of ₹100 rs on 18Sep17 to raise 156 crores. The debt instrument is issued with a coupon rate of 13% and its interest is paid Subject to Availability of Funds. 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 13% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 17/09/2037. 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 29Sep17. CARE Ratings Limited has given BBB+ rating to this Debenture on 18Sep17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.