Instrument Details

ISIN: INE475Y07013

Face value

₹10,00,000

Coupon rate

11%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

7.5

Instrument Type

Debenture

Returns

High

Date of Issue

31 Oct 2017

Maturity Date

30 Oct 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ABT INDUSTRIES LIMITED SR-4 11 NCD 30OT23 FVRS10LAC
Abt Industries Limited, a Consumer Goods including FMGC company, has floated Debenture, having ISIN value as INE475Y07013, with a face value of ₹10,00,000 rs on 31Oct17 to raise 7.5 crores. The debt instrument is issued with a coupon rate of 11% 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 11% SECURED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 4/ABTIL/FSNCD/2017-2018 . DATE OF MATURITY 30OT23. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BB rating to this Debenture on 11May23. This issuer is formerly known as THE GOUNDER AND COMPANY LIMITED, SRI BAGAVATHI TEA ESTATES LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BB
Moderate Risk
BB
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Date Verified
12 May 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
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-Oct-17 : Your investment
₹55,00,000
01-May-18 : Interest
₹55,00,000
01-Nov-18 : Interest
₹55,00,000
01-May-19 : Interest
₹55,00,000
01-Nov-19 : Interest
₹55,00,000
01-May-20 : Interest
₹55,00,000
01-Nov-20 : Interest
₹55,00,000
01-May-21 : Interest
₹55,00,000
01-Nov-21 : Interest
₹55,00,000
01-May-22 : Interest
₹55,00,000
01-Nov-22 : Interest
₹55,00,000
01-May-23 : Interest
₹36,66,666
30-Oct-23 : Interest
₹16,41,66,666
30-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,41,66,666)

Summary

Instrument Attributes

Value

Coupon Rate

11%

Returns

High

Bond Rating

BB

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Consumer Goods including FMGC
Head Office
HEAD OFFICE
Coimbatore
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE475Y07013 issued by Abt Industries Limited

The instrument name of INE475Y07013 ISIN is ABT INDUSTRIES LIMITED SR-4 11 NCD 30OT23 FVRS10LAC.
The interest earned from INE475Y07013 bond issued by Abt Industries Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE475Y07013 bond issued by Abt Industries Limited has been assigned a credit rating of BB by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11%, which determines the periodic interest payments made to bondholders.
The INE475Y07013 Debenture is issued by Abt Industries Limited, a Private Sector company.