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Instrument Details

ISIN: INE936X07016

Face value

₹100

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

239.97

Instrument Type

Debenture

Returns

Low

Date of Issue

22 Jun 2017

Maturity Date

31 Mar 2030

Perpetual

Yes

Listing Status

Unlisted

Rating status

C (Acuite Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Fully Convertible

About this Bond

AMRIT CEMENT LIMITED OCD 31MR30 FVRS100
Amrit Cement Limited, a Utilities company, has floated Debenture, having ISIN value as INE936X07016, with a face value of ₹100 rs on 22Jun17 to raise 239.97 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED UNLISTED OPTIONALLY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 31/03/2030. 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. Acuite Ratings And Research Limited has given C rating to this Debenture on 05Dec17. This issuer is formerly known as AMRIT CEMENT INDUSTRIES 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
C
Very High Risk
C
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Date Verified
31 Jan 2020
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Outlook
-
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

Bond Rating

C

Seniority in Repayment

None

Instrument Category

Fully Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Shillong
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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FAQs about INE936X07016 issued by Amrit Cement Limited

The instrument name of INE936X07016 ISIN is AMRIT CEMENT LIMITED OCD 31MR30 FVRS100.
Never, as INE936X07016 bond issued by Amrit Cement Limited is a Zero-coupon bond.
This INE936X07016 bond issued by Amrit Cement Limited has been assigned a credit rating of C by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE936X07016 bond issued by Amrit Cement Limited is 0%.
The INE936X07016 Debenture is issued by Amrit Cement Limited, a Private Sector company.
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