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Instrument Details

ISIN: INE202E08060

Face value

₹10,00,000

Coupon rate

7.74%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

08 May 2020

Maturity Date

05 Aug 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR X 7.74 LOA 08MY30 FVRS10LAC
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E08060, with a face value of ₹10,00,000 rs on 08May20 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.74% 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 Unsecured Bond is 7.74% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE SUBORDINATED TIER II BONDS IN THE NATURE OF DEBENTRUES. SERIES X. LETTER OF ALLOTMENT. DATE OF MATURITY 08/05/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 22May20 & on NSE stock exchange on 22May20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 29Apr20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
30 Jun 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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
08-May-20 : Your investment
₹77,40,000
08-May-21 : Interest
₹77,40,000
08-May-22 : Interest
₹77,40,000
08-May-23 : Interest
₹77,40,000
08-May-24 : Interest
₹77,40,000
08-May-25 : Interest
₹77,40,000
08-May-26 : Interest
₹77,40,000
08-May-27 : Interest
₹77,40,000
08-May-28 : Interest
₹77,40,000
08-May-29 : Interest
₹77,40,000
08-May-30 : Interest
₹17,74,00,000
05-Aug-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,74,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.74%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE202E08060 issued by Indian Renewable Energy Development Agency Limited

The instrument name of INE202E08060 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR X 7.74 LOA 08MY30 FVRS10LAC.
The interest earned from INE202E08060 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
This INE202E08060 bond issued by Indian Renewable Energy Development Agency Limited 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 Bond offers a coupon rate of 7.74%, which determines the periodic interest payments made to bondholders.
The INE202E08060 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.
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