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Instrument Details

ISIN: INE331A07265

Face value

₹10,00,000

Coupon rate

6.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

Medium

Date of Issue

24 Mar 2022

Maturity Date

24 Dec 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

THE RAMCO CEMENTS LIMITED SR G 6.90 NCD 24DC26 FVRS10LAC
The Ramco Cements Limited, a Cement & Cement Products company, has floated Debenture, having ISIN value as INE331A07265, with a face value of ₹10,00,000 rs on 24Mar22 to raise 150 crores. The debt instrument is issued with a coupon rate of 6.90% 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 Secured Debenture is 6.90% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES G. DATE OF MATURITY 24/12/2026.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 28Mar22. ICRA LIMITED has given AA+ rating to this Debenture on 29Dec23. This issuer is formerly known as MADRAS CEMENTS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
02 Jan 2024
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Outlook
Stable
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
24-Mar-22 : Your investment
₹69,00,000
24-Mar-23 : Interest
₹69,00,000
24-Mar-24 : Interest
₹69,00,000
24-Mar-25 : Interest
₹69,00,000
24-Mar-26 : Interest
₹52,17,534
24-Dec-26 : Interest
₹13,28,17,534
24-Dec-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,28,17,534)

Summary

Instrument Attributes

Value

Coupon Rate

6.90%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Cement & Cement Products
Head Office
HEAD OFFICE
Rajapalayam
Sector name
SECTOR
Construction Materials
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE331A07265 issued by The Ramco Cements Limited

The instrument name of INE331A07265 ISIN is THE RAMCO CEMENTS LIMITED SR G 6.90 NCD 24DC26 FVRS10LAC.
The interest earned from INE331A07265 bond issued by The Ramco Cements Limited is paid Annually, ensuring regular and consistent income for investors.
This INE331A07265 bond issued by The Ramco Cements Limited has been assigned a credit rating of AA+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 6.9%, which determines the periodic interest payments made to bondholders.
The INE331A07265 Debenture is issued by The Ramco Cements Limited, a Private Sector company.
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