10.40% Hindusthan National Glass & Industries Ltd - D Rated (INE952A07045)

Hindusthan National Glass & Industries Ltd, a Industrial company, has floated Debenture, having ISIN value as INE952A07045, with a face value of ₹10,00,000 rs on 03Feb12 to raise 100 crores. The debt instrument is issued with a coupon rate of 10.40% and its interest is paid Annually. 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 10.40% Secured Non-Convertible Debenture. Letter of Allotment. Date of Maturity 03/02/2022. 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 08May12. CARE Ratings Limited has given D rating to this Debenture on 03Feb12. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.