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Instrument Details

ISIN: INE518Q07024

Face value

₹10,00,000

Coupon rate

15%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

30 May 2014

Maturity Date

30 May 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (BRICKWORK Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

GCORP SPACES PRIVATE LIMITED SR-2 15 NCD 30MY22 FVRS10LAC LOA UPTO 01JL14
Gcorp Spaces Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE518Q07024, with a face value of ₹10,00,000 rs on 30May14 to raise 50 crores. The debt instrument is issued with a coupon rate of 15% 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 Secured Debenture is 15% SECURED NON CONVERTIBLE DEBENTURES. SERIES 2. LETTER OF ALLOTMENT. DATE OF MATURITY 30/05/2022. 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. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given WITHDRAWN rating to this Debenture on 03Apr14. 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
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
30-May-14 : Your investment
₹1,50,00,000
30-May-15 : Interest
₹1,50,00,000
30-May-16 : Interest
₹1,50,00,000
30-May-17 : Interest
₹1,50,00,000
30-May-18 : Interest
₹1,50,00,000
30-May-19 : Interest
₹1,50,00,000
30-May-20 : Interest
₹1,50,00,000
30-May-21 : Interest
₹1,50,00,000
30-May-22 : Interest
₹22,00,00,000
30-May-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

15%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE518Q07024 issued by Gcorp Spaces Private Limited

The instrument name of INE518Q07024 ISIN is GCORP SPACES PRIVATE LIMITED SR-2 15 NCD 30MY22 FVRS10LAC LOA UPTO 01JL14.
The interest earned from INE518Q07024 bond issued by Gcorp Spaces Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE518Q07024 bond issued by Gcorp Spaces Private Limited has been assigned a credit rating of WITHDRAWN by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 15%, which determines the periodic interest payments made to bondholders.
The INE518Q07024 Debenture is issued by Gcorp Spaces Private Limited, a Private Sector company.
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