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8.70% The Great Eastern Shipping Company Limited - AAA Rated (INE017A08243)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE017A08243
Face value
₹10,00,000
Coupon rate
8.70%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
250
Instrument Type
Debenture
Returns
High
Date of Issue
31 May 2016
Maturity Date
31 May 2025
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CARE 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
THE GREAT EASTERN SHIPPING COMPANY LIMITED 8.7 NCD 31MY25 FVRS10LAC
The Great Eastern Shipping Company Limited, a Shipping company, has floated Debenture,
having ISIN value as INE017A08243, with a face value of ₹10,00,000 rs on 31May16 to raise 250 crores. The debt instrument
is issued with a coupon rate of 8.70% 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 Unsecured
Debenture is 8.70% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/05/2025. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 13Jun16 & on NSE stock exchange on 13Jun16. CARE Ratings Limited has given AAA rating to
this Debenture on 31May16. 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
31-May-16 : Your investment
₹87,00,000
31-May-17 : Interest
₹87,00,000
31-May-18 : Interest
₹87,00,000
31-May-19 : Interest
₹87,00,000
31-May-20 : Interest
₹87,00,000
31-May-21 : Interest
₹87,00,000
31-May-22 : Interest
₹87,00,000
31-May-23 : Interest
₹87,00,000
31-May-24 : Interest
₹87,00,000
31-May-25 : Interest
₹17,83,00,000
31-May-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,83,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.70%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Shipping
HEAD OFFICE
Mumbai
SECTOR
Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of The Great Eastern Shipping Company Limited
FAQs about INE017A08243 issued by The Great Eastern Shipping Company Limited
What is the instrument name of INE017A08243 ISIN?
The instrument name of INE017A08243 ISIN is THE GREAT EASTERN SHIPPING COMPANY LIMITED 8.7 NCD 31MY25 FVRS10LAC.
How frequently is the interest paid on INE017A08243 bond issued by The Great Eastern Shipping Company Limited?
The interest earned from INE017A08243 bond issued by The Great Eastern Shipping Company Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE017A08243 bond issued by The Great Eastern Shipping Company Limited?
This INE017A08243 bond issued by The Great Eastern Shipping Company Limited has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE017A08243 bond issued by The Great Eastern Shipping Company Limited?
This Debenture offers a coupon rate of 8.7%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE017A08243 Debenture?
The INE017A08243 Debenture is issued by The Great Eastern Shipping Company 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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