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)

Instrument Rating
BB
Moderate Risk
BB
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Date Verified
-
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Outlook
-
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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
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

About the issuer

Basic Industry
BASIC INDUSTRY
Residential, Commercial Projects
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE993K07063 issued by Ashdan Developers Private Limited

The instrument name of INE993K07063 ISIN is ASHDAN DEVELOPERS PRIVATE LIMITED 9 LOA 15JL27 FVRS10LAC.
The interest earned from INE993K07063 bond issued by Ashdan Developers Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
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.
This Debenture offers a coupon rate of 9%, which determines the periodic interest payments made to bondholders.
The INE993K07063 Debenture is issued by Ashdan Developers Private Limited, a Private Sector company.