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Instrument Details

ISIN: INE456Y07013

Face value

₹10,00,000

Coupon rate

24%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

125

Instrument Type

Debenture

Returns

High

Date of Issue

13 Oct 2017

Maturity Date

04 Dec 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PALAI DEVELOPMENTS PRIVATE LIMITED 24 LOA 12AP22 FVRS10LAC
Palai Developments Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE456Y07013, with a face value of ₹10,00,000 rs on 13Oct17 to raise 125 crores. The debt instrument is issued with a coupon rate of 24% 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 24% SECURED SENIOR. RATED. LISTED. REDEEMABLE. TRANSFERABLE. NON-CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 12/04/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 28Sep17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
D
Default or Expect to Default
D
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Date Verified
14 Oct 2019
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
13-Oct-17 : Your investment
₹60,00,000
13-Jan-18 : Interest
₹60,00,000
13-Apr-18 : Interest
₹60,00,000
13-Jul-18 : Interest
₹60,00,000
13-Oct-18 : Interest
₹60,00,000
13-Jan-19 : Interest
₹60,00,000
13-Apr-19 : Interest
₹60,00,000
13-Jul-19 : Interest
₹60,00,000
13-Oct-19 : Interest
₹60,00,000
13-Jan-20 : Interest
₹60,00,000
13-Apr-20 : Interest
₹60,00,000
13-Jul-20 : Interest
₹60,00,000
13-Oct-20 : Interest
₹60,00,000
13-Jan-21 : Interest
₹60,00,000
13-Apr-21 : Interest
₹60,00,000
13-Jul-21 : Interest
₹60,00,000
13-Oct-21 : Interest
₹60,00,000
13-Jan-22 : Interest
₹60,00,000
13-Apr-22 : Interest
₹60,00,000
13-Jul-22 : Interest
₹60,00,000
13-Oct-22 : Interest
₹7,00,000
04-Dec-22 : Interest
₹22,07,00,000
04-Dec-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,07,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

24%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE456Y07013 issued by Palai Developments Private Limited

The instrument name of INE456Y07013 ISIN is PALAI DEVELOPMENTS PRIVATE LIMITED 24 LOA 12AP22 FVRS10LAC.
The interest earned from INE456Y07013 bond issued by Palai Developments Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE456Y07013 bond issued by Palai Developments Private Limited has been assigned a credit rating of D by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 24%, which determines the periodic interest payments made to bondholders.
The INE456Y07013 Debenture is issued by Palai Developments Private Limited, a Private Sector company.
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