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Instrument Details

ISIN: INE433M07033

Face value

₹10,00,000

Coupon rate

9.80%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

15 Mar 2017

Maturity Date

16 Mar 2020

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

IL&FS TAMIL NADU POWER COMPANY LIMITED SR-1A 9.8 NCD 16MR20 FVRS10LAC
Il&fs Tamil Nadu Power Company Limited, a Energy company, has floated Debenture, having ISIN value as INE433M07033, with a face value of ₹10,00,000 rs on 15Mar17 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.80% 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 9.8% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 1A. DATE OF MATURITY 16/03/2020. 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. ICRA LIMITED has given D rating to this Debenture on 25May23. This issuer is formerly known as FACILE INTEGRATED TECHNOLOGY ENTERPRISES LTD, FACILE INTEGRATED TECHNOLOGY ENTERP. PVT. LTD 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
26 May 2023
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Outlook
No Outlook
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Seniority in Repayment
Subordinate Tier 1
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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
15-Mar-17 : Your investment
₹24,50,000
15-Jun-17 : Interest
₹24,50,000
15-Sep-17 : Interest
₹24,50,000
15-Dec-17 : Interest
₹24,50,000
15-Mar-18 : Interest
₹24,50,000
15-Jun-18 : Interest
₹24,50,000
15-Sep-18 : Interest
₹24,50,000
15-Dec-18 : Interest
₹24,50,000
15-Mar-19 : Interest
₹24,50,000
15-Jun-19 : Interest
₹24,50,000
15-Sep-19 : Interest
₹24,50,000
15-Dec-19 : Interest
₹24,50,000
15-Mar-20 : Interest
₹12,94,00,000
16-Mar-20 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,94,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.80%

Returns

High

Bond Rating

D

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE433M07033 issued by Il&fs Tamil Nadu Power Company Limited

The instrument name of INE433M07033 ISIN is IL&FS TAMIL NADU POWER COMPANY LIMITED SR-1A 9.8 NCD 16MR20 FVRS10LAC.
The interest earned from INE433M07033 bond issued by Il&fs Tamil Nadu Power Company Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE433M07033 bond issued by Il&fs Tamil Nadu Power Company Limited has been assigned a credit rating of D by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.8%, which determines the periodic interest payments made to bondholders.
The INE433M07033 Debenture is issued by Il&fs Tamil Nadu Power Company Limited, a Private Sector company.
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