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Instrument Details

ISIN: INE01F608017

Face value

₹10,00,000

Coupon rate

0.01%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

186.3

Instrument Type

Debenture

Returns

Low

Date of Issue

28 Aug 2018

Maturity Date

27 Aug 2025

Perpetual

Yes

Listing Status

Listed

Rating status

BBB- (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

CREIXENT SPECIAL STEELS LIMITED 0.01 LOA 27AG25 FVRS10LAC
Creixent Special Steels Limited, a Industrial company, has floated Debenture, having ISIN value as INE01F608017, with a face value of ₹10,00,000 rs on 28Aug18 to raise 186.3 crores. The debt instrument is issued with a coupon rate of 0.01% and its interest is paid Annually. 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 Unsecured Debenture is 0.01% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 27/08/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Sep18. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given BBB- rating to this Debenture on 09Aug18. 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
17 Sep 2018
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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
28-Aug-18 : Your investment
₹10,000
28-Aug-19 : Interest
₹10,000
28-Aug-20 : Interest
₹10,000
28-Aug-21 : Interest
₹10,000
28-Aug-22 : Interest
₹10,000
28-Aug-23 : Interest
₹10,000
28-Aug-24 : Interest
₹10,027
27-Aug-25 : Interest
₹10,00,70,027
27-Aug-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹70,027)

Summary

Instrument Attributes

Value

Coupon Rate

0.01%

Returns

Low

Bond Rating

BBB-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE01F608017 issued by Creixent Special Steels Limited

The instrument name of INE01F608017 ISIN is CREIXENT SPECIAL STEELS LIMITED 0.01 LOA 27AG25 FVRS10LAC.
The interest earned from INE01F608017 bond issued by Creixent Special Steels Limited is paid Annually, ensuring regular and consistent income for investors.
This INE01F608017 bond issued by Creixent Special Steels Limited has been assigned a credit rating of BBB- by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 0.01%, which determines the periodic interest payments made to bondholders.
The INE01F608017 Debenture is issued by Creixent Special Steels Limited, a Private Sector company.
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