Infopark Properties Limited
, a Residential, Commercial Projects company, has floated Debenture,
having ISIN value as INE0KZX08021, with a face value of ₹10,00,000 rs on 07Jul22 to raise 681.1 crores. The debt instrument
is issued with a coupon rate of RESET RATE - 10%. HOLDER AND ISSUER MUTUALLY DISCUSS AND AGREE FOR REVISION IN THE COUPON RATE SUBJECT TO PREVAILING INTEREST RATES AT THE TIME. FOR MORE DETAILS CONTACT ISSUER. 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 RESET RATE UNSECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 31/07/2037.. 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 11Jul22. CARE RATINGS LIMITED has given A- rating to
this Debenture on 07Jul22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.