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Instrument Details

ISIN: INE0I3K07036

Face value

₹10,00,000

Coupon rate

6.90%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

250

Instrument Type

Debenture

Returns

Medium

Date of Issue

21 Jun 2021

Maturity Date

21 Jun 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

BRAKES INDIA PRIVATE LIMITED SR-C 6.9 NCD 21JU23 FVRS10LAC
Brakes India Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE0I3K07036, with a face value of ₹10,00,000 rs on 21Jun21 to raise 250 crores. The debt instrument is issued with a coupon rate of 6.90% and its interest is paid on Maturity. 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 6.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C. DATE OF MATURITY 21/06/2023. This instrument is issued in Private Placement mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jun21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 27May21. This issuer is formerly known as BRAKES INDIA LIMIED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

6.90%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE0I3K07036 issued by Brakes India Private Limited

The instrument name of INE0I3K07036 ISIN is BRAKES INDIA PRIVATE LIMITED SR-C 6.9 NCD 21JU23 FVRS10LAC.
The interest earned from the INE0I3K07036 bond issued by Brakes India Private Limited is paid at the time of maturity
This INE0I3K07036 bond issued by Brakes India Private Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 6.9%, which determines the periodic interest payments made to bondholders.
The INE0I3K07036 Debenture is issued by Brakes India Private Limited, a Private Sector company.
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