12% Orchids Apartments Private Limited - D Rated (INE778X07020)

Orchids Apartments Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE778X07020, with a face value of ₹10,00,000 rs on 26Jun18 to raise 102.4 crores. The debt instrument is issued with a coupon rate of 12% 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 Secured Debenture is 12% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE II. LETTER OF ALLOTMENT. DATE OF MATURITY 30/06/2022. 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 09Jul18. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 22Jun18. This issuer is formerly known as ORCHID APARTMENTS PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.