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Instrument Details

ISIN: INE700N08015

Face value

₹10,00,000

Coupon rate

10.25%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

175

Instrument Type

Bond

Returns

High

Date of Issue

20 Feb 2014

Maturity Date

20 Feb 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BB- (Acuite Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

RAJASTHAN STATE ROAD TRANSPORT CORPORATION SR-I 10.25 LOA 20FB24 FVRS10LAC
Rajasthan State Road Transport Corporation, a Utilities company, has floated Bond, having ISIN value as INE700N08015, with a face value of ₹10,00,000 rs on 20Feb14 to raise 175 crores. The debt instrument is issued with a coupon rate of 10.25% 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 Unsecured Bond is 10.25% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES I (RSRTC BONDS 2013-14). LETTER OF ALLOTMENT. DATE OF MATURITY 20/02/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 07Mar14 & on NSE stock exchange on 07Mar14. Acuite Ratings And Research Limited has given BB- rating to this Bond on 14Jun13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BB
Moderate Risk
BB-
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Date Verified
16 Mar 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Unsecured
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
20-Feb-14 : Your investment
₹51,25,000
20-Aug-14 : Interest
₹51,25,000
20-Feb-15 : Interest
₹51,25,000
20-Aug-15 : Interest
₹51,25,000
20-Feb-16 : Interest
₹51,25,000
20-Aug-16 : Interest
₹51,25,000
20-Feb-17 : Interest
₹51,25,000
20-Aug-17 : Interest
₹51,25,000
20-Feb-18 : Interest
₹51,25,000
20-Aug-18 : Interest
₹51,25,000
20-Feb-19 : Interest
₹51,25,000
20-Aug-19 : Interest
₹51,25,000
20-Feb-20 : Interest
₹51,25,000
20-Aug-20 : Interest
₹51,25,000
20-Feb-21 : Interest
₹51,25,000
20-Aug-21 : Interest
₹51,25,000
20-Feb-22 : Interest
₹51,25,000
20-Aug-22 : Interest
₹51,25,000
20-Feb-23 : Interest
₹51,25,000
20-Aug-23 : Interest
₹51,25,000
20-Feb-24 : Interest
₹20,25,00,000
20-Feb-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.25%

Returns

High

Bond Rating

BB-

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Jaipur
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE700N08015 issued by Rajasthan State Road Transport Corporation

The instrument name of INE700N08015 ISIN is RAJASTHAN STATE ROAD TRANSPORT CORPORATION SR-I 10.25 LOA 20FB24 FVRS10LAC.
The interest earned from INE700N08015 bond issued by Rajasthan State Road Transport Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
This INE700N08015 bond issued by Rajasthan State Road Transport Corporation has been assigned a credit rating of BB- by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 10.25%, which determines the periodic interest payments made to bondholders.
The INE700N08015 Bond is issued by Rajasthan State Road Transport Corporation, a Private Sector company.
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