Adhunik Power & Natural Resources Ltd - BBB Rated (INE924K07019)

Adhunik Power & Natural Resources Ltd, a Energy company, has floated Debenture, having ISIN value as INE924K07019, with a face value of ₹10,00,000 rs on 01Sep14 to raise 50 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 RESET RATE SECURED REDEEMABLE NON CONVERTIBLE TAXABLE DEBENTURES. SERIES APNRL 12.25% 2024. DATE OF MATURITY 01/04/2024. 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 BBB+ rating to this Debenture on 12Aug14. This issuer is formerly known as NEEPAZ TEHRMAL ENERGY LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.