Instrument Details

ISIN: INE668E07080

Face value

₹10,00,000

Coupon rate

7.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

Medium

Date of Issue

06 Nov 2020

Maturity Date

11 Jun 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

HERO CYCLES LIMITED 7.50 NCD 06NV24 FVRS10LAC
Hero Cycles Limited, a Utilities company, has floated Debenture, having ISIN value as INE668E07080, with a face value of ₹10,00,000 rs on 06Nov20 to raise 100 crores. The debt instrument is issued with a coupon rate of 7.50% 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 7.50% SECURED RATED REDEEMABLE UNLISTED TAXABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 06/11/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 22Jun20. This issuer is formerly known as HERO CYCLES 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
A
Adequate Safety
A+
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Date Verified
28 Jul 2023
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Outlook
Negative
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Seniority in Repayment
None
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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
06-Nov-20 : Your investment
₹75,00,000
06-Nov-21 : Interest
₹75,00,000
06-Nov-22 : Interest
₹75,00,000
06-Nov-23 : Interest
₹44,79,452
11-Jun-24 : Interest
₹12,69,79,452
11-Jun-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,69,79,452)

Summary

Instrument Attributes

Value

Coupon Rate

7.50%

Returns

Medium

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE668E07080 issued by Hero Cycles Limited

The instrument name of INE668E07080 ISIN is HERO CYCLES LIMITED 7.50 NCD 06NV24 FVRS10LAC.
The interest earned from INE668E07080 bond issued by Hero Cycles Limited is paid Annually, ensuring regular and consistent income for investors.
This INE668E07080 bond issued by Hero Cycles Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.5%, which determines the periodic interest payments made to bondholders.
The INE668E07080 Debenture is issued by Hero Cycles Limited, a Private Sector company.