12.75% D S Kulkarni Developers Ltd. (INE891A07029)

D S Kulkarni Developers Ltd., a Utilities company, has floated Debenture, having ISIN value as INE891A07029, with a face value of ₹5,000 rs on 06Sep14 to raise 34.426 crores. The debt instrument is issued with a coupon rate of 12.75% 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 12.75% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION IV. DATE OF MATURITY 06/09/2021. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Sep14. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 26Feb18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.