Spero Properties And Services Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE0IFW08011, with a face value of ₹10,00,000 rs on 10Aug21 to raise 400 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 Unsecured Debenture is RESET RATE UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.TRANCHE 1.DATE OF MATURITY 09/08/2031. 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 08Nov21. ICRA LIMITED has given BBB- rating to this Debenture on 11Jul24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.