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Instrument Details

ISIN: INE0CCU07033

Face value

₹10,00,000

Coupon rate

6.69%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

75

Instrument Type

Debenture

Returns

Medium

Date of Issue

18 Mar 2021

Maturity Date

17 May 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MINDSPACE BUSINESS PARKS REIT SR 2 6.6861 NCD 17MY24 FVRS10LAC
Mindspace Business Parks Reit, a Real Estate Investment Trusts (REITs) company, has floated Debenture, having ISIN value as INE0CCU07033, with a face value of ₹10,00,000 rs on 18Mar21 to raise 75 crores. The debt instrument is issued with a coupon rate of 6.69% 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 6.6861% SECURED RATED LISTED NON- CONVERTIBLE DEBENTURE.SERIES 2. DATE OF MATURITY 17/05/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Mar21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 09Mar21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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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
18-Mar-21 : Your investment
₹16,72,500
18-Jun-21 : Interest
₹16,72,500
18-Sep-21 : Interest
₹16,72,500
18-Dec-21 : Interest
₹16,72,500
18-Mar-22 : Interest
₹16,72,500
18-Jun-22 : Interest
₹16,72,500
18-Sep-22 : Interest
₹16,72,500
18-Dec-22 : Interest
₹16,72,500
18-Mar-23 : Interest
₹16,72,500
18-Jun-23 : Interest
₹16,72,500
18-Sep-23 : Interest
₹16,72,500
18-Dec-23 : Interest
₹16,72,500
18-Mar-24 : Interest
₹1,57,958
17-May-24 : Interest
₹12,02,27,958
17-May-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,02,27,958)

Summary

Instrument Attributes

Value

Coupon Rate

6.69%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Real Estate Investment Trusts (REITs)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE0CCU07033 issued by Mindspace Business Parks Reit

The instrument name of INE0CCU07033 ISIN is MINDSPACE BUSINESS PARKS REIT SR 2 6.6861 NCD 17MY24 FVRS10LAC.
The interest earned from INE0CCU07033 bond issued by Mindspace Business Parks Reit is paid Quarterly, ensuring regular and consistent income for investors.
This INE0CCU07033 bond issued by Mindspace Business Parks Reit has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 6.69%, which determines the periodic interest payments made to bondholders.
The INE0CCU07033 Debenture is issued by Mindspace Business Parks Reit, a Private Sector company.
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