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13.95% Sterlite Grid 16 Limited - A Rated (INE0LDB07016)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE0LDB07016
Face value
₹10,00,000
Coupon rate
13.95%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
200
Instrument Type
Debenture
Returns
High
Date of Issue
12 May 2022
Maturity Date
11 Oct 2023
Perpetual
Yes
Listing Status
Unlisted
Rating status
A(CE) (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
STERLITE GRID 16 LIMITED SR 1 13.95 LOA 05NV23 FVRS10LAC
Sterlite Grid 16 Limited, a Power - Transmission company, has floated Debenture,
having ISIN value as INE0LDB07016, with a face value of ₹10,00,000 rs on 12May22 to raise 200 crores. The debt instrument
is issued with a coupon rate of 13.95% 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 13.95% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBILE DEBENTURE. SERIES 1. LETTER OF ALLOTMENT.DATE OF MATURITY 10/11/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given A(CE) rating to
this Debenture on 28Apr22. 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
12-May-22 : Your investment
₹34,87,500
12-Aug-22 : Interest
₹34,87,500
12-Nov-22 : Interest
₹34,87,500
12-Feb-23 : Interest
₹34,87,500
12-May-23 : Interest
₹34,87,500
12-Aug-23 : Interest
-₹19,375
11-Oct-23 : Interest
₹11,74,18,125
11-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,74,18,125)
Summary
Instrument Attributes
Value
Coupon Rate
13.95%
Returns
High
Bond Rating
A(CE)
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Power - Transmission
HEAD OFFICE
Silvassa
SECTOR
Power
ISSUER OWNERSHIP
Private Sector
Other Bonds of Sterlite Grid 16 Limited
FAQs about INE0LDB07016 issued by Sterlite Grid 16 Limited
What is the instrument name of INE0LDB07016 ISIN?
The instrument name of INE0LDB07016 ISIN is STERLITE GRID 16 LIMITED SR 1 13.95 LOA 05NV23 FVRS10LAC.
How frequently is the interest paid on INE0LDB07016 bond issued by Sterlite Grid 16 Limited?
The interest earned from INE0LDB07016 bond issued by Sterlite Grid 16 Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE0LDB07016 bond issued by Sterlite Grid 16 Limited?
This INE0LDB07016 bond issued by Sterlite Grid 16 Limited has been assigned a credit rating of A(CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE0LDB07016 bond issued by Sterlite Grid 16 Limited?
This Debenture offers a coupon rate of 13.95%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE0LDB07016 Debenture?
The INE0LDB07016 Debenture is issued by Sterlite Grid 16 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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