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Instrument Details

ISIN: INE202E08078

Face value

₹10,00,000

Coupon rate

5.98%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

106

Instrument Type

Bond

Returns

Medium

Date of Issue

02 Mar 2022

Maturity Date

16 Apr 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR XI A 5.98 LOA 16AP25 FVRS10LAC
Indian Renewable Energy Development Agency Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE202E08078, with a face value of ₹10,00,000 rs on 02Mar22 to raise 106 crores. The debt instrument is issued with a coupon rate of 5.98% 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 Unsecured Bond is 5.98% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE BONDS. SERIES XI A.LETTER OF ALLOTMENT. DATE OF MATURITY 16/04/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 04Mar22 & on BSE stock exchange on 04Mar22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 31Aug21. 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
28 May 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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
02-Mar-22 : Your investment
₹59,80,000
02-Mar-23 : Interest
₹59,80,000
02-Mar-24 : Interest
₹59,80,000
02-Mar-25 : Interest
₹11,79,40,000
16-Apr-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,79,40,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.98%

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 INE202E08078 issued by Indian Renewable Energy Development Agency Limited

The instrument name of INE202E08078 ISIN is INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED SR XI A 5.98 LOA 16AP25 FVRS10LAC.
The interest earned from INE202E08078 bond issued by Indian Renewable Energy Development Agency Limited is paid Annually, ensuring regular and consistent income for investors.
This INE202E08078 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 5.98%, which determines the periodic interest payments made to bondholders.
The INE202E08078 Bond is issued by Indian Renewable Energy Development Agency Limited, a PSU company.
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