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Instrument Details

ISIN: INE438A07136

Face value

₹10,00,000

Coupon rate

7.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

90

Instrument Type

Debenture

Returns

Medium

Date of Issue

21 Oct 2016

Maturity Date

20 Oct 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (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

APOLLO TYRES LIMITED SR-C 7.5 LOA 20OT23 FVRS10LAC
Apollo Tyres Limited, a Tyres & Rubber Products company, has floated Debenture, having ISIN value as INE438A07136, with a face value of ₹10,00,000 rs on 21Oct16 to raise 90 crores. The debt instrument is issued with a coupon rate of 7.50% 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 7.50% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES C. LETTER OF ALLOTMENT. DATE OF MATURITY 20/10/2023. 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 28Oct16 & on NSE stock exchange on 28Oct16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 06Oct16. 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
03 Mar 2023
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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
21-Oct-16 : Your investment
₹75,00,000
21-Oct-17 : Interest
₹75,00,000
21-Oct-18 : Interest
₹75,00,000
21-Oct-19 : Interest
₹75,00,000
21-Oct-20 : Interest
₹75,00,000
21-Oct-21 : Interest
₹75,00,000
21-Oct-22 : Interest
₹75,00,000
20-Oct-23 : Interest
₹15,25,00,000
20-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹5,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.50%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Tyres & Rubber Products
Head Office
HEAD OFFICE
Kochi
Sector name
SECTOR
Automobile and Auto Components
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE438A07136 issued by Apollo Tyres Limited

The instrument name of INE438A07136 ISIN is APOLLO TYRES LIMITED SR-C 7.5 LOA 20OT23 FVRS10LAC.
The interest earned from INE438A07136 bond issued by Apollo Tyres Limited is paid Annually, ensuring regular and consistent income for investors.
This INE438A07136 bond issued by Apollo Tyres Limited has been assigned a credit rating of AA+ 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 7.5%, which determines the periodic interest payments made to bondholders.
The INE438A07136 Debenture is issued by Apollo Tyres Limited, a Private Sector company.
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