15% Kaynes Technology India Limited - BB Rated (INE918Z07019)

Kaynes Technology India Limited, a Utilities company, has floated Debenture, having ISIN value as INE918Z07019, with a face value of ₹1,00,000 rs on 18Jul18 to raise 17 crores. The debt instrument is issued with a coupon rate of 15% 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 Secured Debenture is 15% SECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given BB+ rating to this Debenture on 05Aug20. This issuer is formerly known as KAYNES TECHNOLOGY INDIA PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.