12% Brigade Properties Private Limited - A Rated (INE454S08059)

Brigade Properties Private Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE454S08059, with a face value of ₹100 rs on 27Sep19 to raise 30 crores. The debt instrument is issued with a coupon rate of 12% 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 Unsecured Debenture is 12% UNSECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES  B. DATE OF MATURITY 27/09/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given A- rating to this Debenture on 30Dec19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.