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: INE813H07119

Face value

₹10,00,000

Coupon rate

7.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

Medium

Date of Issue

19 Mar 2020

Maturity Date

17 Mar 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL 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

TORRENT POWER LIMITED SR 5 7.65 NCD 17MR23 FVRS10LAC
Torrent Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE813H07119, with a face value of ₹10,00,000 rs on 19Mar20 to raise 100 crores. The debt instrument is issued with a coupon rate of 7.65% 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 7.65% SECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES-5. DATE OF MATURITY 17/03/2023.. 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 23Mar20 & on NSE stock exchange on 23Mar20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 06Mar20. This issuer is formerly known as TORRENT POWER TRADING PVT. 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+
check
Date Verified
18 Feb 2022
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
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
19-Mar-20 : Your investment
₹76,50,000
19-Mar-21 : Interest
₹76,50,000
19-Mar-22 : Interest
₹76,08,082
17-Mar-23 : Interest
₹12,29,08,082
17-Mar-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,29,08,082)

Summary

Instrument Attributes

Value

Coupon Rate

7.65%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Electric Utilities
Head Office
HEAD OFFICE
Ahmedabad
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE813H07119 issued by Torrent Power Limited

The instrument name of INE813H07119 ISIN is TORRENT POWER LIMITED SR 5 7.65 NCD 17MR23 FVRS10LAC.
The interest earned from INE813H07119 bond issued by Torrent Power Limited is paid Annually, ensuring regular and consistent income for investors.
This INE813H07119 bond issued by Torrent Power Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.65%, which determines the periodic interest payments made to bondholders.
The INE813H07119 Debenture is issued by Torrent Power 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