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11% Himachal Sorang Power Private Limited (INE073J07017)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE073J07017
Face value
₹1,00,000
Coupon rate
11%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
500
Instrument Type
Debenture
Returns
High
Date of Issue
11 Nov 2020
Maturity Date
11 Nov 2023
Perpetual
Yes
Listing Status
Unlisted
Rating status
Not Rated
Call Option
Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
HIMACHAL SORANG POWER PRIVATE LIMITED 11 NCD 11NV23 FVRS1LAC
Himachal Sorang Power Private Limited, a Electricity Generation company, has floated Debenture,
having ISIN value as INE073J07017, with a face value of ₹1,00,000 rs on 11Nov20 to raise 500 crores. The debt instrument
is issued with a coupon rate of 11% and its interest is paid
Quarterly. 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 11% SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 11/11/2023.. 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 HIMACHAL SORANG POWER LIMITED, HIMACHAL SORANG POWER PVT. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
11-Nov-20 : Your investment
₹2,75,000
11-Feb-21 : Interest
₹2,75,000
11-May-21 : Interest
₹2,75,000
11-Aug-21 : Interest
₹2,75,000
11-Nov-21 : Interest
₹2,75,000
11-Feb-22 : Interest
₹2,75,000
11-May-22 : Interest
₹2,75,000
11-Aug-22 : Interest
₹2,75,000
11-Nov-22 : Interest
₹2,75,000
11-Feb-23 : Interest
₹2,75,000
11-May-23 : Interest
₹2,75,000
11-Aug-23 : Interest
₹2,75,000
11-Nov-23 : Interest
₹1,33,00,000
11-Nov-23 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹33,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
11%
Returns
High
Bond Rating
Unrated
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Electricity Generation
HEAD OFFICE
Shimla
SECTOR
-
ISSUER OWNERSHIP
Private Sector
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FAQs about INE073J07017 issued by Himachal Sorang Power Private Limited
What is the instrument name of INE073J07017 ISIN?
The instrument name of INE073J07017 ISIN is HIMACHAL SORANG POWER PRIVATE LIMITED 11 NCD 11NV23 FVRS1LAC.
How frequently is the interest paid on INE073J07017 bond issued by Himachal Sorang Power Private Limited?
The interest earned from INE073J07017 bond issued by Himachal Sorang Power Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE073J07017 bond issued by Himachal Sorang Power Private Limited?
This INE073J07017 bond issued by Himachal Sorang Power Private Limited does not currently have an assigned credit rating
What is the coupon rate of INE073J07017 bond issued by Himachal Sorang Power Private Limited?
This Debenture offers a coupon rate of 11%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE073J07017 Debenture?
The INE073J07017 Debenture is issued by Himachal Sorang Power Private Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
