15% Parsvnath Rail Land Project Private Limited - B Rated (INE187O07049)

Parsvnath Rail Land Project Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE187O07049, with a face value of ₹46,064 rs on 21Aug13 to raise 244.39 crores. The debt instrument is issued with a coupon rate of 15% and its interest is paid Annually. 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 RATED REDEEMABLE NON CONVERTIBLE DEBENTURES NCD B. DATE OF MATURITY 20/08/2023. 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 05Sep13. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given B+ rating to this Debenture on 11Dec12. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.