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8.30% Torrent Power Limited - AA Rated (INE813H07226)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE813H07226
Face value
₹10,00,000
Coupon rate
8.30%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
50
Instrument Type
Debenture
Returns
High
Date of Issue
02 Jun 2022
Maturity Date
06 Feb 2027
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
None
Guarantee Type
Non Convertible
About this Bond
TORRENT POWER LIMITED SR 10A 8.30 NCD 02JU27 FVRS10LAC
Torrent Power Limited, a Electric Utilities company, has floated Debenture,
having ISIN value as INE813H07226, with a face value of ₹10,00,000 rs on 02Jun22 to raise 50 crores. The debt instrument
is issued with a coupon rate of 8.30% 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 Secured
Debenture is 8.30% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 10A. DATE OF MATURITY 02/06/2027.. This instrument is issued in Private Placement (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 AA+ rating to
this Debenture on 20May22. 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
02-Jun-22 : Your investment
₹83,00,000
02-Jun-23 : Interest
₹83,00,000
02-Jun-24 : Interest
₹83,00,000
02-Jun-25 : Interest
₹83,00,000
02-Jun-26 : Interest
₹56,84,931
06-Feb-27 : Interest
₹13,88,84,931
06-Feb-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,88,84,931)
Summary
Instrument Attributes
Value
Coupon Rate
8.30%
Returns
High
Bond Rating
AA+
Seniority in Repayment
None
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 INE813H07226 issued by Torrent Power Limited
What is the instrument name of INE813H07226 ISIN?
The instrument name of INE813H07226 ISIN is TORRENT POWER LIMITED SR 10A 8.30 NCD 02JU27 FVRS10LAC.
How frequently is the interest paid on INE813H07226 bond issued by Torrent Power Limited?
The interest earned from INE813H07226 bond issued by Torrent Power Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE813H07226 bond issued by Torrent Power Limited?
This INE813H07226 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 INE813H07226 bond issued by Torrent Power Limited?
This Debenture offers a coupon rate of 8.3%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE813H07226 Debenture?
The INE813H07226 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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