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Instrument Details

ISIN: INE857N08021

Face value

₹10

Coupon rate

12%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

77.0323

Instrument Type

Debenture

Returns

High

Date of Issue

18 Dec 2010

Maturity Date

17 Apr 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Partly Convertible

About this Bond

HIRACO RENEWABLE ENERGY PRIVATE LIMITED 12 OCD 17AP24 FVRS10
Hiraco Renewable Energy Private Limited, a Energy company, has floated Debenture, having ISIN value as INE857N08021, with a face value of ₹10 rs on 18Dec10 to raise 77.0323 crores. The debt instrument is issued with a coupon rate of 12% 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 12% UNSECURED UNLISTED OPTIONALLY CUMULATIVE CONVERTIBLE DEBENTURES. DATE OF CONVERSION 17/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
₹10
Lot Size
100
Minimum Investment
₹1,000

Cashflow

₹1,000
18-Dec-10 : Your investment
₹120
18-Dec-11 : Interest
₹120
18-Dec-12 : Interest
₹120
18-Dec-13 : Interest
₹120
18-Dec-14 : Interest
₹120
18-Dec-15 : Interest
₹120
18-Dec-16 : Interest
₹120
18-Dec-17 : Interest
₹120
18-Dec-18 : Interest
₹120
18-Dec-19 : Interest
₹120
18-Dec-20 : Interest
₹120
18-Dec-21 : Interest
₹120
18-Dec-22 : Interest
₹120
18-Dec-23 : Interest
₹2,560
17-Apr-24 : Maturity amount (Investment: ₹1,000, Interest earned: ₹1,560)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Partly Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Energy
Head Office
HEAD OFFICE
Ahmedabad
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE857N08021 issued by Hiraco Renewable Energy Private Limited

The instrument name of INE857N08021 ISIN is HIRACO RENEWABLE ENERGY PRIVATE LIMITED 12 OCD 17AP24 FVRS10.
The interest earned from INE857N08021 bond issued by Hiraco Renewable Energy Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE857N08021 bond issued by Hiraco Renewable Energy Private Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE857N08021 Debenture is issued by Hiraco Renewable Energy Private Limited, a Private Sector company.
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