Jindal Steel & Power Limited, a Industrial company, has floated Debenture, having ISIN value as INE749A08167, with a face value of ₹10,00,000 rs on 11Mar15 to raise 750 crores. The debt instrument is issued with a coupon rate of SBI BASE RATE + 0.5% (BENCHMARK IS SBI BASE RATE AND SPREAD IS OF 0.5% CURRENTLY 10.5%) and its interest is paid Monthly. 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 SBI BASE RATE LINKED UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 11/03/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 17Mar15. CARE Ratings Limited has given BBB- rating to this Debenture on 30Aug19. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.