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Instrument Details

ISIN: INE216A08027

Face value

₹29

Coupon rate

5.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

698.5180584

Instrument Type

Debenture

Returns

Medium

Date of Issue

03 Jun 2021

Maturity Date

06 Mar 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

BRITANNIA INDUSTRIES LIMITED 5.5 NCD 03JU24 FVRS29
Britannia Industries Limited, a Packaged Foods company, has floated Debenture, having ISIN value as INE216A08027, with a face value of ₹29 rs on 03Jun21 to raise 698.5180584 crores. The debt instrument is issued with a coupon rate of 5.50% 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 5.5% UNSECURED LISTED RATED REDEEMABLE FULLY PAID UP NON COVNERTIBLE DEBENTURES. DATE OF MATURITY 03/06/2024. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 20Jul21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 25May21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹29
Lot Size
100
Minimum Investment
₹2,900

Cashflow

₹2,900
03-Jun-21 : Your investment
₹159
03-Jun-22 : Interest
₹159
03-Jun-23 : Interest
₹121
06-Mar-24 : Interest
₹3,340
06-Mar-24 : Maturity amount (Investment: ₹2,900, Interest earned: ₹440)

Summary

Instrument Attributes

Value

Coupon Rate

5.50%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Packaged Foods
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
Fast Moving Consumer Goods
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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Rated ★ 4.3+ on

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FAQs about INE216A08027 issued by Britannia Industries Limited

The instrument name of INE216A08027 ISIN is BRITANNIA INDUSTRIES LIMITED 5.5 NCD 03JU24 FVRS29.
The interest earned from INE216A08027 bond issued by Britannia Industries Limited is paid Annually, ensuring regular and consistent income for investors.
This INE216A08027 bond issued by Britannia Industries Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.5%, which determines the periodic interest payments made to bondholders.
The INE216A08027 Debenture is issued by Britannia Industries Limited, a Private Sector company.
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