Instrument Details

ISIN: INE591Z07014

Face value

₹1,000

Coupon rate

12%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

30

Instrument Type

Debenture

Returns

High

Date of Issue

21 Mar 2018

Maturity Date

20 Mar 2022

Perpetual

Yes

Listing Status

Listed

Rating status

B+ (ICRA 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

IRINA HOSPITALITY PRIVATE LIMITED SR-A 12 NCD 20MR22 FVRS1000
Irina Hospitality Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE591Z07014, with a face value of ₹1,000 rs on 21Mar18 to raise 30 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid Quarterly. 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 12% SECURED UNRATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUES. SERIES A. DATE OF MATURITY 20/03/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 25May18. ICRA LIMITED has given B+ rating to this Debenture on 05Jun18. This issuer is formerly known as SHANDERS PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED, BAGADIA PROJECTS AND INFRASTRUCTURE PRIVATE 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
B
High Risk
B+
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Date Verified
-
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Outlook
-
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
21-Mar-18 : Your investment
₹3,000
21-Jun-18 : Interest
₹3,000
21-Sep-18 : Interest
₹3,000
21-Dec-18 : Interest
₹3,000
21-Mar-19 : Interest
₹3,000
21-Jun-19 : Interest
₹3,000
21-Sep-19 : Interest
₹3,000
21-Dec-19 : Interest
₹3,000
21-Mar-20 : Interest
₹3,000
21-Jun-20 : Interest
₹3,000
21-Sep-20 : Interest
₹3,000
21-Dec-20 : Interest
₹3,000
21-Mar-21 : Interest
₹3,000
21-Jun-21 : Interest
₹3,000
21-Sep-21 : Interest
₹3,000
21-Dec-21 : Interest
₹1,416
20-Mar-22 : Interest
₹1,46,416
20-Mar-22 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹46,416)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

B+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE591Z07014 issued by Irina Hospitality Private Limited

The instrument name of INE591Z07014 ISIN is IRINA HOSPITALITY PRIVATE LIMITED SR-A 12 NCD 20MR22 FVRS1000.
The interest earned from INE591Z07014 bond issued by Irina Hospitality Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE591Z07014 bond issued by Irina Hospitality Private Limited has been assigned a credit rating of B+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE591Z07014 Debenture is issued by Irina Hospitality Private Limited, a Private Sector company.