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5.98% Indian Renewable Energy Development Agency Limited - AAA Rated (INE202E08078)
ActivePSUUnsecured
Instrument Details
ISIN: INE202E08078
Face value
₹10,00,000
Coupon rate
5.98%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
106
Instrument Type
Bond
Returns
Medium
Date of Issue
02 Mar 2022
Maturity Date
16 Apr 2025
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (INDIA 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
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR XI A 5.98 LOA 16AP25 FVRS10LAC
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE202E08078, with a face value of ₹10,00,000 rs on 02Mar22 to raise 106 crores. The debt instrument
is issued with a coupon rate of 5.98% 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
Bond is 5.98% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE BONDS. SERIES XI A.LETTER OF ALLOTMENT. DATE OF MATURITY 16/04/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 04Mar22 & on BSE stock exchange on 04Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Bond on 31Aug21. 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
02-Mar-22 : Your investment
₹59,80,000
02-Mar-23 : Interest
₹59,80,000
02-Mar-24 : Interest
₹59,80,000
02-Mar-25 : Interest
₹11,79,40,000
16-Apr-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,79,40,000)
Summary
Instrument Attributes
Value
Coupon Rate
5.98%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
None
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 INE202E08078 issued by Indian Renewable Energy Development Agency Limited
What is the instrument name of INE202E08078 ISIN?
The instrument name of INE202E08078 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR XI A 5.98 LOA 16AP25 FVRS10LAC.
How frequently is the interest paid on INE202E08078 bond issued by Indian Renewable Energy Development Agency Limited?
The interest earned from INE202E08078 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 INE202E08078 bond issued by Indian Renewable Energy Development Agency Limited?
This INE202E08078 bond issued by Indian Renewable Energy Development Agency Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE202E08078 bond issued by Indian Renewable Energy Development Agency Limited?
This Bond offers a coupon rate of 5.98%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE202E08078 Bond?
The INE202E08078 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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