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10.35% Torrent Power Limited - AA Rated (INE813H07077)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE813H07077
Face value
₹1,00,00,000
Coupon rate
10.35%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
100
Instrument Type
Debenture
Returns
High
Date of Issue
25 Mar 2013
Maturity Date
25 Mar 2023
Perpetual
Yes
Listing Status
Unlisted
Rating status
AA+ (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
TORRENT POWER LIMITED SR 2C 10.35 NCD 25MR23 FVRS1CR
Torrent Power Limited, a Electric Utilities company, has floated Debenture,
having ISIN value as INE813H07077, with a face value of ₹1,00,00,000 rs on 25Mar13 to raise 100 crores. The debt instrument
is issued with a coupon rate of 10.35% 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 Secured
Debenture is 10.35% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES-2C. DATE OF MATURITY 25/03/2023. 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. CRISIL RATINGS LIMITED has given AA+ rating to
this Debenture on 11Dec15. This issuer is formerly known as TORRENT POWER TRADING PVT. LIMITED 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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000
Cashflow
₹1,00,00,00,000
25-Mar-13 : Your investment
₹5,17,50,000
25-Sep-13 : Interest
₹5,17,50,000
25-Mar-14 : Interest
₹5,17,50,000
25-Sep-14 : Interest
₹5,17,50,000
25-Mar-15 : Interest
₹5,17,50,000
25-Sep-15 : Interest
₹5,17,50,000
25-Mar-16 : Interest
₹5,17,50,000
25-Sep-16 : Interest
₹5,17,50,000
25-Mar-17 : Interest
₹5,17,50,000
25-Sep-17 : Interest
₹5,17,50,000
25-Mar-18 : Interest
₹5,17,50,000
25-Sep-18 : Interest
₹5,17,50,000
25-Mar-19 : Interest
₹5,17,50,000
25-Sep-19 : Interest
₹5,17,50,000
25-Mar-20 : Interest
₹5,17,50,000
25-Sep-20 : Interest
₹5,17,50,000
25-Mar-21 : Interest
₹5,17,50,000
25-Sep-21 : Interest
₹5,17,50,000
25-Mar-22 : Interest
₹5,17,50,000
25-Sep-22 : Interest
₹5,17,50,000
25-Mar-23 : Interest
₹2,03,50,00,000
25-Mar-23 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹1,03,50,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
10.35%
Returns
High
Bond Rating
AA+
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Electric Utilities
HEAD OFFICE
Ahmedabad
SECTOR
Power
ISSUER OWNERSHIP
Private Sector
Other Bonds of Torrent Power Limited
FAQs about INE813H07077 issued by Torrent Power Limited
What is the instrument name of INE813H07077 ISIN?
The instrument name of INE813H07077 ISIN is TORRENT POWER LIMITED SR 2C 10.35 NCD 25MR23 FVRS1CR.
How frequently is the interest paid on INE813H07077 bond issued by Torrent Power Limited?
The interest earned from INE813H07077 bond issued by Torrent Power Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE813H07077 bond issued by Torrent Power Limited?
This INE813H07077 bond issued by Torrent Power Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE813H07077 bond issued by Torrent Power Limited?
This Debenture offers a coupon rate of 10.35%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE813H07077 Debenture?
The INE813H07077 Debenture is issued by Torrent Power 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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