Instrument Details

ISIN: INE202E07062

Face value

₹10,00,000

Coupon rate

9.02%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

250

Instrument Type

Bond

Returns

High

Date of Issue

24 Sep 2010

Maturity Date

24 Sep 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA+ (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED 9.02 BD 24SP25 FVRS10LAC
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E07062, with a face value of ₹10,00,000 rs on 24Sep10 to raise 250 crores. The debt instrument is issued with a coupon rate of 9.02% 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 Bond is 9.02% Secured Non-Convertible Taxable Bond in the nature of Debenture. Series - III Sub Series B. Date of Maturity 24/09/2025. This instrument is issued in Unknown mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given AA+ rating to this Bond on 24Sep10. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
12 Jun 2023
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Outlook
Positive
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Seniority in Repayment
None
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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
24-Sep-10 : Your investment
₹90,20,000
24-Sep-11 : Interest
₹90,20,000
24-Sep-12 : Interest
₹90,20,000
24-Sep-13 : Interest
₹90,20,000
24-Sep-14 : Interest
₹90,20,000
24-Sep-15 : Interest
₹90,20,000
24-Sep-16 : Interest
₹90,20,000
24-Sep-17 : Interest
₹90,20,000
24-Sep-18 : Interest
₹90,20,000
24-Sep-19 : Interest
₹90,20,000
24-Sep-20 : Interest
₹90,20,000
24-Sep-21 : Interest
₹90,20,000
24-Sep-22 : Interest
₹90,20,000
24-Sep-23 : Interest
₹90,20,000
24-Sep-24 : Interest
₹90,20,000
24-Sep-25 : Interest
₹23,53,00,000
24-Sep-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹13,53,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.02%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE202E07062 issued by Indian Renewable Energy Development Agency Limited

The instrument name of INE202E07062 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED 9.02 BD 24SP25 FVRS10LAC.
The interest earned from INE202E07062 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
This INE202E07062 bond issued by Indian Renewable Energy Development Agency Limited has been assigned a credit rating of AA+ by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 9.02%, which determines the periodic interest payments made to bondholders.
The INE202E07062 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.