Instrument Details

ISIN: INE202E07286

Face value

₹10,00,000

Coupon rate

8%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Bond

Returns

Medium

Date of Issue

24 Sep 2019

Maturity Date

24 Sep 2029

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA 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 SR IX-A 8 LOA 24SP29 FVRS10LAC
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E07286, with a face value of ₹10,00,000 rs on 24Sep19 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8% 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 8% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS. SERIES IX-A. LETTER OF ALLOTMENT. DATE OF MATURITY 24/09/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 10Oct19 & on NSE stock exchange on 07Oct19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 04Sep19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
30 Jun 2023
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Outlook
Stable
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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-19 : Your investment
₹80,00,000
24-Sep-20 : Interest
₹80,00,000
24-Sep-21 : Interest
₹80,00,000
24-Sep-22 : Interest
₹80,00,000
24-Sep-23 : Interest
₹80,00,000
24-Sep-24 : Interest
₹80,00,000
24-Sep-25 : Interest
₹80,00,000
24-Sep-26 : Interest
₹80,00,000
24-Sep-27 : Interest
₹80,00,000
24-Sep-28 : Interest
₹80,00,000
24-Sep-29 : Interest
₹18,00,00,000
24-Sep-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8%

Returns

Medium

Bond Rating

AAA

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 INE202E07286 issued by Indian Renewable Energy Development Agency Limited

The instrument name of INE202E07286 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR IX-A 8 LOA 24SP29 FVRS10LAC.
The interest earned from INE202E07286 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
This INE202E07286 bond issued by Indian Renewable Energy Development Agency Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8%, which determines the periodic interest payments made to bondholders.
The INE202E07286 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.