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Instrument Details

ISIN: INE202E07138

Face value

₹1,000

Coupon rate

8.80%

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

234.5508

Instrument Type

Bond

Returns

High

Date of Issue

13 Mar 2014

Maturity Date

13 Mar 2029

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CARE 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

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR-IIB 8.8 LOA 13MR29 FVRS1000
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E07138, with a face value of ₹1,000 rs on 13Mar14 to raise 234.5508 crores. The debt instrument is issued with a coupon rate of 8.80% and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 8.80% SECURED REDEEMABLE NON-CONVERTIBLE BONDS. . TRANCHE I. SERIES IIB. LETTER OF ALLOTMENT. DATE OF MATURITY 13/03/2029. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 19Mar14 & on BSE stock exchange on 19Mar14. CARE Ratings Limited has given AA+ rating to this Bond on 13Mar14. 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
08 Apr 2024
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Outlook
Positive
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
13-Mar-14 : Your investment
₹8,800
13-Mar-15 : Interest
₹8,800
13-Mar-16 : Interest
₹8,800
13-Mar-17 : Interest
₹8,800
13-Mar-18 : Interest
₹8,800
13-Mar-19 : Interest
₹8,800
13-Mar-20 : Interest
₹8,800
13-Mar-21 : Interest
₹8,800
13-Mar-22 : Interest
₹8,800
13-Mar-23 : Interest
₹8,800
13-Mar-24 : Interest
₹8,800
13-Mar-25 : Interest
₹8,800
13-Mar-26 : Interest
₹8,800
13-Mar-27 : Interest
₹8,800
13-Mar-28 : Interest
₹8,800
13-Mar-29 : Interest
₹2,32,000
13-Mar-29 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹1,32,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.80%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Senior

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 INE202E07138 issued by Indian Renewable Energy Development Agency Limited

The instrument name of INE202E07138 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR-IIB 8.8 LOA 13MR29 FVRS1000.
The interest earned from INE202E07138 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
This INE202E07138 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 8.8%, which determines the periodic interest payments made to bondholders.
The INE202E07138 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.
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