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0.01% Patel Engineering Limited (INE244B07227)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE244B07227
Face value
₹1,000
Coupon rate
0.01%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
70.83
Instrument Type
Debenture
Returns
Low
Date of Issue
31 Dec 2018
Maturity Date
08 Aug 2027
Perpetual
Yes
Listing Status
Unlisted
Rating status
Not Rated
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Fully Convertible
About this Bond
PATEL ENGINEERING LIMITED SR TRANCHE 7 0.01 OCD 08AG27 FVRS1000
Patel Engineering Limited, a Engineering, Designing & Construction company, has floated Debenture,
having ISIN value as INE244B07227, with a face value of ₹1,000 rs on 31Dec18 to raise 70.83 crores. The debt instrument
is issued with a coupon rate of 0.01% 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 Secured
Debenture is 0.01% SECURED UNLISTED OPTIONALLY CONVERTIBLE DEBENTURES. TRANCHE 7. DATE OF CONVERSION 08/08/2027. This instrument is issued in Private Placement mode. It has Compounding coupon type
with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as PATEL ENGINEERING CO. LTD 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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
31-Dec-18 : Your investment
₹10
31-Dec-19 : Interest
₹10
31-Dec-20 : Interest
₹10
31-Dec-21 : Interest
₹10
31-Dec-22 : Interest
₹10
31-Dec-23 : Interest
₹10
31-Dec-24 : Interest
₹10
31-Dec-25 : Interest
₹10
31-Dec-26 : Interest
₹6
08-Aug-27 : Interest
₹1,00,086
08-Aug-27 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹86)
Summary
Instrument Attributes
Value
Coupon Rate
0.01%
Returns
Low
Bond Rating
Unrated
Seniority in Repayment
None
Instrument Category
Fully Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Engineering, Designing & Construction
HEAD OFFICE
Mumbai
SECTOR
Construction
ISSUER OWNERSHIP
Private Sector
Other Bonds of Patel Engineering Limited
FAQs about INE244B07227 issued by Patel Engineering Limited
What is the instrument name of INE244B07227 ISIN?
The instrument name of INE244B07227 ISIN is PATEL ENGINEERING LIMITED SR TRANCHE 7 0.01 OCD 08AG27 FVRS1000.
How frequently is the interest paid on INE244B07227 bond issued by Patel Engineering Limited?
The interest earned from INE244B07227 bond issued by Patel Engineering Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE244B07227 bond issued by Patel Engineering Limited?
This INE244B07227 bond issued by Patel Engineering Limited does not currently have an assigned credit rating
What is the coupon rate of INE244B07227 bond issued by Patel Engineering Limited?
This Debenture offers a coupon rate of 0.01%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE244B07227 Debenture?
The INE244B07227 Debenture is issued by Patel Engineering 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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