18.25% Vasathi Housing Limited (INE594P07035)

Vasathi Housing Limited, a Utilities company, has floated Debenture, having ISIN value as INE594P07035, with a face value of ₹10,00,000 rs on 29Aug17 to raise 70 crores. The debt instrument is issued with a coupon rate of 18.25% and its interest is paid Monthly. 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 18.25% SECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES UL-A. DATE OF MATURITY 28/02/20121. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as VASATHI HOUSING AND INFRA PRIVATE LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.