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8.45% Jorabat Shillong Expressway Limited - AAA Rated (INE944Y07216)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE944Y07216
Face value
₹1,00,000
Coupon rate
8.45%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
24.85
Instrument Type
Debenture
Returns
High
Date of Issue
27 Dec 2017
Maturity Date
03 Jan 2027
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (INDIA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 1
Guarantee Type
Non Convertible
About this Bond
JORABAT SHILLONG EXPRESSWAY LIMITED SR-II STRPP 9 8.45 NCD 01MR27 FVRS1LAC
Jorabat Shillong Expressway Limited, a Utilities company, has floated Debenture,
having ISIN value as INE944Y07216, with a face value of ₹1,00,000 rs on 27Dec17 to raise 24.85 crores. The debt instrument
is issued with a coupon rate of 8.45% and its interest is paid
Semi 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 Secured
Debenture is 8.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II. STRPP 9. DATE OF MATURITY 01/03/2027. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Debenture is listed on NSE stock
exchange on 09Jan18. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Debenture on 04Mar20. Neither the Principal nor the Interest is covered for this Debenture. 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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
27-Dec-17 : Your investment
₹4,22,500
27-Jun-18 : Interest
₹4,22,500
27-Dec-18 : Interest
₹4,22,500
27-Jun-19 : Interest
₹4,22,500
27-Dec-19 : Interest
₹4,22,500
27-Jun-20 : Interest
₹4,22,500
27-Dec-20 : Interest
₹4,22,500
27-Jun-21 : Interest
₹4,22,500
27-Dec-21 : Interest
₹4,22,500
27-Jun-22 : Interest
₹4,22,500
27-Dec-22 : Interest
₹4,22,500
27-Jun-23 : Interest
₹4,22,500
27-Dec-23 : Interest
₹4,22,500
27-Jun-24 : Interest
₹4,22,500
27-Dec-24 : Interest
₹4,22,500
27-Jun-25 : Interest
₹4,22,500
27-Dec-25 : Interest
₹4,22,500
27-Jun-26 : Interest
₹4,22,500
27-Dec-26 : Interest
₹1,76,05,000
03-Jan-27 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹76,05,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.45%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Subordinate Tier 1
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Utilities
HEAD OFFICE
Mumbai
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Jorabat Shillong Expressway Limited
FAQs about INE944Y07216 issued by Jorabat Shillong Expressway Limited
What is the instrument name of INE944Y07216 ISIN?
The instrument name of INE944Y07216 ISIN is JORABAT SHILLONG EXPRESSWAY LIMITED SR-II STRPP 9 8.45 NCD 01MR27 FVRS1LAC.
How frequently is the interest paid on INE944Y07216 bond issued by Jorabat Shillong Expressway Limited?
The interest earned from INE944Y07216 bond issued by Jorabat Shillong Expressway Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE944Y07216 bond issued by Jorabat Shillong Expressway Limited?
This INE944Y07216 bond issued by Jorabat Shillong Expressway 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 INE944Y07216 bond issued by Jorabat Shillong Expressway Limited?
This Debenture offers a coupon rate of 8.45%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE944Y07216 Debenture?
The INE944Y07216 Debenture is issued by Jorabat Shillong Expressway Limited, a Private Sector 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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