The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE757O08021

Face value

₹10

Coupon rate

12%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

148.813335

Instrument Type

Debenture

Returns

High

Date of Issue

20 Aug 2018

Maturity Date

20 Aug 2038

Perpetual

Yes

Listing Status

Unlisted

Rating status

A (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

PRESTIGE PROJECTS PRIVATE LIMITED SERIES B 12 NCD 20AG38 FVRS10
Prestige Projects Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE757O08021, with a face value of ₹10 rs on 20Aug18 to raise 148.813335 crores. The debt instrument is issued with a coupon rate of 12% 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 Debenture is 12% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B. DATE OF MATURITY 20/08/2038. 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. ICRA LIMITED has given A rating to this Debenture on 24Aug18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
check
Date Verified
01 Oct 2018
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 1
logo
Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10
Lot Size
100
Minimum Investment
₹1,000

Cashflow

₹1,000
20-Aug-18 : Your investment
₹120
20-Aug-19 : Interest
₹120
20-Aug-20 : Interest
₹120
20-Aug-21 : Interest
₹120
20-Aug-22 : Interest
₹120
20-Aug-23 : Interest
₹120
20-Aug-24 : Interest
₹120
20-Aug-25 : Interest
₹120
20-Aug-26 : Interest
₹120
20-Aug-27 : Interest
₹120
20-Aug-28 : Interest
₹120
20-Aug-29 : Interest
₹120
20-Aug-30 : Interest
₹120
20-Aug-31 : Interest
₹120
20-Aug-32 : Interest
₹120
20-Aug-33 : Interest
₹120
20-Aug-34 : Interest
₹120
20-Aug-35 : Interest
₹120
20-Aug-36 : Interest
₹120
20-Aug-37 : Interest
₹120
20-Aug-38 : Interest
₹3,400
20-Aug-38 : Maturity amount (Investment: ₹1,000, Interest earned: ₹2,400)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

A

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Residential, Commercial Projects
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE757O08021 issued by Prestige Projects Private Limited

The instrument name of INE757O08021 ISIN is PRESTIGE PROJECTS PRIVATE LIMITED SERIES B 12 NCD 20AG38 FVRS10.
The interest earned from INE757O08021 bond issued by Prestige Projects Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE757O08021 bond issued by Prestige Projects Private Limited has been assigned a credit rating of A by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE757O08021 Debenture is issued by Prestige Projects Private Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow