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9% Ashdan Developers Private Limited - BB Rated (INE993K07063)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE993K07063
Face value
₹10,00,000
Coupon rate
9%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
110
Instrument Type
Debenture
Returns
High
Date of Issue
15 Jul 2022
Maturity Date
15 Jul 2027
Perpetual
Yes
Listing Status
Unlisted
Rating status
BB (Infomerics 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
ASHDAN DEVELOPERS PRIVATE LIMITED 9 LOA 15JL27 FVRS10LAC
Ashdan Developers Private Limited, a Residential, Commercial Projects company, has floated Debenture,
having ISIN value as INE993K07063, with a face value of ₹10,00,000 rs on 15Jul22 to raise 110 crores. The debt instrument
is issued with a coupon rate of 9% and its interest is paid
Quarterly. 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 9% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 15/07/2027.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. Infomerics Valuation and Rating Pvt. Ltd has given BB rating to
this Debenture on 21Jun22. This issuer is formerly known as KUL DEVELOPERS PRIVATE LIMITED, L.K. DEVELOPERS PRIVATE LTD 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
15-Jul-22 : Your investment
₹22,50,000
15-Oct-22 : Interest
₹22,50,000
15-Jan-23 : Interest
₹22,50,000
15-Apr-23 : Interest
₹22,50,000
15-Jul-23 : Interest
₹22,50,000
15-Oct-23 : Interest
₹22,50,000
15-Jan-24 : Interest
₹22,50,000
15-Apr-24 : Interest
₹22,50,000
15-Jul-24 : Interest
₹22,50,000
15-Oct-24 : Interest
₹22,50,000
15-Jan-25 : Interest
₹22,50,000
15-Apr-25 : Interest
₹22,50,000
15-Jul-25 : Interest
₹22,50,000
15-Oct-25 : Interest
₹22,50,000
15-Jan-26 : Interest
₹22,50,000
15-Apr-26 : Interest
₹22,50,000
15-Jul-26 : Interest
₹22,50,000
15-Oct-26 : Interest
₹22,50,000
15-Jan-27 : Interest
₹22,50,000
15-Apr-27 : Interest
₹22,50,000
15-Jul-27 : Interest
₹14,50,00,000
15-Jul-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹4,50,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
9%
Returns
High
Bond Rating
BB
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Residential, Commercial Projects
HEAD OFFICE
Mumbai
SECTOR
Realty
ISSUER OWNERSHIP
Private Sector
Other Bonds of Ashdan Developers Private Limited
FAQs about INE993K07063 issued by Ashdan Developers Private Limited
What is the instrument name of INE993K07063 ISIN?
The instrument name of INE993K07063 ISIN is ASHDAN DEVELOPERS PRIVATE LIMITED 9 LOA 15JL27 FVRS10LAC.
How frequently is the interest paid on INE993K07063 bond issued by Ashdan Developers Private Limited?
The interest earned from INE993K07063 bond issued by Ashdan Developers Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE993K07063 bond issued by Ashdan Developers Private Limited?
This INE993K07063 bond issued by Ashdan Developers Private Limited has been assigned a credit rating of BB by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE993K07063 bond issued by Ashdan Developers Private Limited?
This Debenture offers a coupon rate of 9%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE993K07063 Debenture?
The INE993K07063 Debenture is issued by Ashdan Developers Private 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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