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Instrument Details

ISIN: INE813H07168

Face value

₹10,00,000

Coupon rate

6.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

Medium

Date of Issue

05 Apr 2022

Maturity Date

03 Nov 2024

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 8A 6.20 NCD 11MR24 FVRS10LAC
Torrent Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE813H07168, with a face value of ₹10,00,000 rs on 05Apr22 to raise 150 crores. The debt instrument is issued with a coupon rate of 6.20% 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 6.20% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE.SERIES 8A.DATE OF MATURITY 11/03/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 06Apr22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 21Mar22. 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+
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Date Verified
05 Apr 2022
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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
05-Apr-22 : Your investment
₹62,00,000
05-Apr-23 : Interest
₹62,00,000
05-Apr-24 : Interest
₹36,18,082
03-Nov-24 : Interest
₹11,60,18,082
03-Nov-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,60,18,082)

Summary

Instrument Attributes

Value

Coupon Rate

6.20%

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 INE813H07168 issued by Torrent Power Limited

The instrument name of INE813H07168 ISIN is TORRENT POWER LIMITED SR 8A 6.20 NCD 11MR24 FVRS10LAC.
The interest earned from INE813H07168 bond issued by Torrent Power Limited is paid Annually, ensuring regular and consistent income for investors.
This INE813H07168 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 6.2%, which determines the periodic interest payments made to bondholders.
The INE813H07168 Debenture is issued by Torrent Power Limited, a Private Sector company.
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