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Instrument Details

ISIN: INE061Z08016

Face value

₹1,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

123.5

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

10 Dec 2018

Maturity Date

04 Dec 2032

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 3

Guarantee Type

Fully Convertible

About this Bond

DEVOTED CONSTRUCTION LIMITED OCD 04DC32 FVRS1LAC
Devoted Construction Limited, a Utilities company, has floated Debenture, having ISIN value as INE061Z08016, with a face value of ₹1,00,000 rs on 10Dec18 to raise 123.5 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON UNSECURED UNRATED UNLISTED OPTIONALLY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 04/12/2032. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as DEVOTED CONSTRUCTION PRIVATE 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 3
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

Unrated

Seniority in Repayment

Subordinate Tier 3

Instrument Category

Fully Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
New Delhi
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 INE061Z08016 issued by Devoted Construction Limited

The instrument name of INE061Z08016 ISIN is DEVOTED CONSTRUCTION LIMITED OCD 04DC32 FVRS1LAC.
Never, as INE061Z08016 bond issued by Devoted Construction Limited is a Zero-coupon bond.
This INE061Z08016 bond issued by Devoted Construction Limited does not currently have an assigned credit rating
The coupon rate of INE061Z08016 bond issued by Devoted Construction Limited is 0%.
The INE061Z08016 Debenture is issued by Devoted Construction Limited, a Private Sector company.
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