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8.80% Indian Renewable Energy Development Agency Limited - AAA Rated (INE202E07138)
ActivePSUSecured
Instrument Details
ISIN: INE202E07138
Face value
₹1,000
Coupon rate
8.80%
Payment
Annually
Tax Type
Tax-Free
Issue Size (Cr)
234.5508
Instrument Type
Bond
Returns
High
Date of Issue
13 Mar 2014
Maturity Date
13 Mar 2029
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CARE Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR-IIB 8.8 LOA 13MR29 FVRS1000
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE202E07138, with a face value of ₹1,000 rs on 13Mar14 to raise 234.5508 crores. The debt instrument
is issued with a coupon rate of 8.80% and its interest is paid
Annually. The returns are Tax-Free Under Section 10(15)(iv)(h).
As per the filings, the long description of this Secured
Bond is 8.80% SECURED REDEEMABLE NON-CONVERTIBLE BONDS. . TRANCHE I. SERIES IIB. LETTER OF ALLOTMENT. DATE OF MATURITY 13/03/2029. This instrument is issued in Public Issue mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 19Mar14 & on BSE stock exchange on 19Mar14. CARE Ratings Limited has given AAA rating to
this Bond on 13Mar14. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
13-Mar-14 : Your investment
₹8,800
13-Mar-15 : Interest
₹8,800
13-Mar-16 : Interest
₹8,800
13-Mar-17 : Interest
₹8,800
13-Mar-18 : Interest
₹8,800
13-Mar-19 : Interest
₹8,800
13-Mar-20 : Interest
₹8,800
13-Mar-21 : Interest
₹8,800
13-Mar-22 : Interest
₹8,800
13-Mar-23 : Interest
₹8,800
13-Mar-24 : Interest
₹8,800
13-Mar-25 : Interest
₹8,800
13-Mar-26 : Interest
₹8,800
13-Mar-27 : Interest
₹8,800
13-Mar-28 : Interest
₹8,800
13-Mar-29 : Interest
₹2,32,000
13-Mar-29 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹1,32,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.80%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of Indian Renewable Energy Development Agency Limited
FAQs about INE202E07138 issued by Indian Renewable Energy Development Agency Limited
What is the instrument name of INE202E07138 ISIN?
The instrument name of INE202E07138 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR-IIB 8.8 LOA 13MR29 FVRS1000.
How frequently is the interest paid on INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited?
The interest earned from INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited?
This INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited?
This Bond offers a coupon rate of 8.8%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE202E07138 Bond?
The INE202E07138 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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