14% Golden Tower Infratech Private Limited - BB Rated (INE038Z07024)

Golden Tower Infratech Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE038Z07024, with a face value of ₹10,00,000 rs on 09Dec20 to raise 118 crores. The debt instrument is issued with a coupon rate of 14% 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 14% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT.DATE OF MATURITY 08/12/2022. 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 16Dec20. Infomerics Valuation and Rating Pvt. Ltd has given BB rating to this Debenture on 06Mar23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.