14.25% Leon Realtors Private Limited - B Rated (INE883S08018)

Leon Realtors Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE883S08018, with a face value of ₹10,00,000 rs on 01Mar17 to raise 55 crores. The debt instrument is issued with a coupon rate of 14.25% and its interest is paid Subject to Availability of Funds. 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 14.25% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 28/02/2027. 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. CARE Ratings Limited has given B+ rating to this Debenture on 01Mar17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.