Instrument Details

ISIN: INE003K07012

Face value

₹1,00,000

Coupon rate

Variable Coupon

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

10 Nov 2016

Maturity Date

15 Jun 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB+ (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

ASHOKA HIGHWAYS (DURG) LIMITED BR LOA 15JU25 FVRS1LAC
Ashoka Highways (durg) Limited, a Utilities company, has floated Debenture, having ISIN value as INE003K07012, with a face value of ₹1,00,000 rs on 10Nov16 to raise 200 crores. The debt instrument is issued with a coupon rate of 5 YEAR IDFC IDF BENCHMARK RATE LINKED and its interest is paid Monthly. 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 IDFC IDF BENCHMARK RATE LINKED SECURED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 15/06/2025. 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 BBB+ rating to this Debenture on 30May23. This issuer is formerly known as ASHOKA MARG NIRMAN (DURG) 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
BBB
Moderately Safe
BBB+
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Date Verified
31 May 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

Bond Rating

BBB+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE003K07012 issued by Ashoka Highways (durg) Limited

The instrument name of INE003K07012 ISIN is ASHOKA HIGHWAYS (DURG) LIMITED BR LOA 15JU25 FVRS1LAC.
The interest earned from INE003K07012 bond issued by Ashoka Highways (durg) Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE003K07012 bond issued by Ashoka Highways (durg) Limited has been assigned a credit rating of BBB+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE003K07012 bond issued by Ashoka Highways (durg) Limited is 5 YEAR IDFC IDF BENCHMARK RATE LINKED.
The INE003K07012 Debenture is issued by Ashoka Highways (durg) Limited, a Private Sector company.