Blue Horizon Hotels Private Limited - D Rated (INE416S07035)

Blue Horizon Hotels Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE416S07035, with a face value of ₹10,00,000 rs on 26Oct20 to raise 630 crores. The debt instrument is issued with a coupon rate of RESET RATE - REFER REMARKS 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 RESET RATE SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 26/10/2024.. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 25Nov20. Acuite Ratings And Research Limited has given D rating to this Debenture on 01Oct20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.