13.50% Accelarating Education And Development Private Limited - D Rated (INE646W07013)

Accelarating Education And Development Private Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE646W07013, with a face value of ₹1,00,000 rs on 12Jan17 to raise 125 crores. The debt instrument is issued with a coupon rate of 13.50% 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 13.5% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES A.DATE OF MATURITY 30/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 18Jan17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.