10.50% Indiabulls Real Estate Limited - A Rated (INE069I07447)

Indiabulls Real Estate Limited, a Real Estate related services company, has floated Debenture, having ISIN value as INE069I07447, with a face value of ₹10,00,000 rs on 15Dec21 to raise 100 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid on Maturity. 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 10.5% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 15/12/2022. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 17Dec21. Infomerics Valuation and Rating Pvt. Ltd has given A+ rating to this Debenture on 31Mar23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.