Rmg Developers Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE140T07013, with a face value of ₹1,00,00,000 rs on 18Jul17 to raise 35 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 RESET RATE SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 30/06/2022. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 22Sep17. CARE Ratings Limited has given D rating to this Debenture on 18Jul17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.