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Instrument Details

ISIN: INE811K07067

Face value

₹10,00,000

Coupon rate

10.50%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

High

Date of Issue

10 Aug 2018

Maturity Date

08 Oct 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

A+ (ICRA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

PRESTIGE ESTATES PROJECTS LIMITED SR TR 2 10.5 NCD 10AG23 FVRS10LAC
Prestige Estates Projects Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE811K07067, with a face value of ₹10,00,000 rs on 10Aug18 to raise 350 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Quarterly. 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 10.50% SECURED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 2. DATE OF MATURTIY 10/08/2023. 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. ICRA LIMITED has given A+ rating to this Debenture on 08May24. This issuer is formerly known as PRESTIGE ESTATES PROJECTS P. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A+
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Date Verified
09 May 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
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
10-Aug-18 : Your investment
₹26,25,000
10-Nov-18 : Interest
₹26,25,000
10-Feb-19 : Interest
₹26,25,000
10-May-19 : Interest
₹26,25,000
10-Aug-19 : Interest
₹26,25,000
10-Nov-19 : Interest
₹26,25,000
10-Feb-20 : Interest
₹26,25,000
10-May-20 : Interest
₹26,25,000
10-Aug-20 : Interest
₹26,25,000
10-Nov-20 : Interest
₹26,25,000
10-Feb-21 : Interest
₹26,25,000
10-May-21 : Interest
₹26,25,000
10-Aug-21 : Interest
₹26,25,000
10-Nov-21 : Interest
₹26,25,000
10-Feb-22 : Interest
₹26,25,000
10-May-22 : Interest
₹26,25,000
10-Aug-22 : Interest
₹26,25,000
10-Nov-22 : Interest
₹26,25,000
10-Feb-23 : Interest
₹26,25,000
10-May-23 : Interest
₹26,25,000
10-Aug-23 : Interest
₹5,10,416
08-Oct-23 : Interest
₹15,30,10,416
08-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,30,10,416)

Summary

Instrument Attributes

Value

Coupon Rate

10.50%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Residential, Commercial Projects
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE811K07067 issued by Prestige Estates Projects Limited

The instrument name of INE811K07067 ISIN is PRESTIGE ESTATES PROJECTS LIMITED SR TR 2 10.5 NCD 10AG23 FVRS10LAC.
The interest earned from INE811K07067 bond issued by Prestige Estates Projects Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE811K07067 bond issued by Prestige Estates Projects Limited has been assigned a credit rating of A+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.5%, which determines the periodic interest payments made to bondholders.
The INE811K07067 Debenture is issued by Prestige Estates Projects Limited, a Private Sector company.
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