Instrument Details

ISIN: INE526S07411

Face value

₹1,00,000

Coupon rate

8.75%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

715

Instrument Type

Debenture

Returns

High

Date of Issue

14 Feb 2017

Maturity Date

14 Apr 2027

Perpetual

Yes

Listing Status

Listed

Rating status

D (INDIA 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

HAZARIBAGH RANCHI EXPRESSWAY LIMITED SR-BXX 8.75 NCD 14AP27 FVRS1LAC
Hazaribagh Ranchi Expressway Limited, a Industrial company, has floated Debenture, having ISIN value as INE526S07411, with a face value of ₹1,00,000 rs on 14Feb17 to raise 715 crores. The debt instrument is issued with a coupon rate of 8.75% and its interest is paid Semi 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 8.75% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B-XX. DATE OF MATURITY 14/04/2027. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Feb17. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 15Apr19. This issuer is formerly known as ITNL HIGHWAYS DEVELOPMENT COMPANY 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
D
Default or Expect to Default
D
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Date Verified
24 Mar 2022
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Outlook
No Outlook
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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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
14-Feb-17 : Your investment
₹4,37,500
14-Aug-17 : Interest
₹4,37,500
14-Feb-18 : Interest
₹4,37,500
14-Aug-18 : Interest
₹4,37,500
14-Feb-19 : Interest
₹4,37,500
14-Aug-19 : Interest
₹4,37,500
14-Feb-20 : Interest
₹4,37,500
14-Aug-20 : Interest
₹4,37,500
14-Feb-21 : Interest
₹4,37,500
14-Aug-21 : Interest
₹4,37,500
14-Feb-22 : Interest
₹4,37,500
14-Aug-22 : Interest
₹4,37,500
14-Feb-23 : Interest
₹4,37,500
14-Aug-23 : Interest
₹4,37,500
14-Feb-24 : Interest
₹4,37,500
14-Aug-24 : Interest
₹4,37,500
14-Feb-25 : Interest
₹4,37,500
14-Aug-25 : Interest
₹4,37,500
14-Feb-26 : Interest
₹4,37,500
14-Aug-26 : Interest
₹4,37,500
14-Feb-27 : Interest
₹51,041
14-Apr-27 : Interest
₹1,88,01,041
14-Apr-27 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹88,01,041)

Summary

Instrument Attributes

Value

Coupon Rate

8.75%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE526S07411 issued by Hazaribagh Ranchi Expressway Limited

The instrument name of INE526S07411 ISIN is HAZARIBAGH RANCHI EXPRESSWAY LIMITED SR-BXX 8.75 NCD 14AP27 FVRS1LAC.
The interest earned from INE526S07411 bond issued by Hazaribagh Ranchi Expressway Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE526S07411 bond issued by Hazaribagh Ranchi Expressway Limited has been assigned a credit rating of D by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.75%, which determines the periodic interest payments made to bondholders.
The INE526S07411 Debenture is issued by Hazaribagh Ranchi Expressway Limited, a Private Sector company.