7.36% J.k.cement Limited - AA Rated (INE823G07201)

J.k.cement Limited, a Utilities company, has floated Debenture, having ISIN value as INE823G07201, with a face value of ₹10,00,000 rs on 23Jul20 to raise 250 crores. The debt instrument is issued with a coupon rate of 7.36% and its interest is paid Semi 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 7.36% SECURED LISTED RATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 23/07/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 30Jul20. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 23Jul20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.