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10.50% Prestige Estates Projects Limited - A Rated (INE811K07067)
In-activePrivate SectorSecured
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)
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
Similar Bonds
About the issuer
BASIC INDUSTRY
Residential, Commercial Projects
HEAD OFFICE
Bangalore
SECTOR
Realty
ISSUER OWNERSHIP
Private Sector
Other Bonds of Prestige Estates Projects Limited
FAQs about INE811K07067 issued by Prestige Estates Projects Limited
What is the instrument name of INE811K07067 ISIN?
The instrument name of INE811K07067 ISIN is PRESTIGE ESTATES PROJECTS LIMITED SR TR 2 10.5 NCD 10AG23 FVRS10LAC.
How frequently is the interest paid on INE811K07067 bond issued by Prestige Estates Projects Limited?
The interest earned from INE811K07067 bond issued by Prestige Estates Projects Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE811K07067 bond issued by Prestige Estates Projects Limited?
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.
What is the coupon rate of INE811K07067 bond issued by Prestige Estates Projects Limited?
This Debenture offers a coupon rate of 10.5%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE811K07067 Debenture?
The INE811K07067 Debenture is issued by Prestige Estates Projects 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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