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Instrument Details

ISIN: INE0GYU07020

Face value

₹9,46,000

Coupon rate

7.25%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Medium

Date of Issue

15 Nov 2021

Maturity Date

15 Nov 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

VIRESCENT RENEWABLE ENERGY TRUST SR B 7.25 NCD 15NV26 FVRS946000
Virescent Renewable Energy Trust, a Power - Transmission company, has floated Debenture, having ISIN value as INE0GYU07020, with a face value of ₹9,46,000 rs on 15Nov21 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.25% 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 7.25% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES B.DATE OF MATURITY 15/11/2026. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 17Nov21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 29Oct21. 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
24 May 2023
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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
₹9,46,000
Lot Size
100
Minimum Investment
₹9,46,00,000

Cashflow

₹9,46,00,000
15-Nov-21 : Your investment
₹17,14,625
15-Feb-22 : Interest
₹17,14,625
15-May-22 : Interest
₹17,14,625
15-Aug-22 : Interest
₹17,14,625
15-Nov-22 : Interest
₹17,14,625
15-Feb-23 : Interest
₹17,14,625
15-May-23 : Interest
₹17,14,625
15-Aug-23 : Interest
₹17,14,625
15-Nov-23 : Interest
₹17,14,625
15-Feb-24 : Interest
₹17,14,625
15-May-24 : Interest
₹17,14,625
15-Aug-24 : Interest
₹17,14,625
15-Nov-24 : Interest
₹17,14,625
15-Feb-25 : Interest
₹17,14,625
15-May-25 : Interest
₹17,14,625
15-Aug-25 : Interest
₹17,14,625
15-Nov-25 : Interest
₹17,14,625
15-Feb-26 : Interest
₹17,14,625
15-May-26 : Interest
₹17,14,625
15-Aug-26 : Interest
₹17,14,625
15-Nov-26 : Interest
₹12,88,92,500
15-Nov-26 : Maturity amount (Investment: ₹9,46,00,000, Interest earned: ₹3,42,92,500)

Summary

Instrument Attributes

Value

Coupon Rate

7.25%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE0GYU07020 issued by Virescent Renewable Energy Trust

The instrument name of INE0GYU07020 ISIN is VIRESCENT RENEWABLE ENERGY TRUST SR B 7.25 NCD 15NV26 FVRS946000.
The interest earned from INE0GYU07020 bond issued by Virescent Renewable Energy Trust is paid Quarterly, ensuring regular and consistent income for investors.
This INE0GYU07020 bond issued by Virescent Renewable Energy Trust has been assigned a credit rating of AAA 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 7.25%, which determines the periodic interest payments made to bondholders.
The INE0GYU07020 Debenture is issued by Virescent Renewable Energy Trust, a Private Sector company.
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