5% J.s.s. Steelitalia Limited (INE07J108018)

J.s.s. Steelitalia Limited, a Utilities company, has floated Debenture, having ISIN value as INE07J108018, with a face value of ₹100 rs on 01Aug11 to raise 13.4 crores. The debt instrument is issued with a coupon rate of 5% 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 Unsecured Debenture is 5% UNSECURED UNRATED UNLISTED COMPULSILORY CONVERTIBLE DEBENTURE. CONVERSION DATE : 01/08/2021. 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. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.