17% Mahindra World City (jaipur) Limited (INE674N08038)

Mahindra World City (jaipur) Limited, a Utilities company, has floated Debenture, having ISIN value as INE674N08038, with a face value of ₹100 rs on 05Jul18 to raise 19.47903 crores. The debt instrument is issued with a coupon rate of 17% and its interest is paid Quarterly. 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 17% UNSECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 04/07/2037. This instrument is issued in Private Placement mode. It has Compounding 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.