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Instrument Details

ISIN: INE199G07057

Face value

₹10,00,000

Coupon rate

8.45%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

High

Date of Issue

27 Apr 2020

Maturity Date

26 Apr 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL 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

JAGRAN PRAKASHAN LIMITED SR I 8.45 LOA 26AP24 FVRS10LAC
Jagran Prakashan Limited, a Utilities company, has floated Debenture, having ISIN value as INE199G07057, with a face value of ₹10,00,000 rs on 27Apr20 to raise 150 crores. The debt instrument is issued with a coupon rate of 8.45% 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 Debenture is 8.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES I. DATE OF MATURITY 26/04/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Debenture is listed on NSE stock exchange on 04May20. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 17Apr20. This issuer is formerly known as JAGRAN PRAKASHAN 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
AA
High Safety
AA+
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Date Verified
28 Feb 2022
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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
27-Apr-20 : Your investment
₹84,50,000
27-Apr-21 : Interest
₹84,50,000
27-Apr-22 : Interest
₹84,50,000
27-Apr-23 : Interest
₹84,50,000
26-Apr-24 : Interest
₹13,38,00,000
26-Apr-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,38,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.45%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE199G07057 issued by Jagran Prakashan Limited

The instrument name of INE199G07057 ISIN is JAGRAN PRAKASHAN LIMITED SR I 8.45 LOA 26AP24 FVRS10LAC.
The interest earned from INE199G07057 bond issued by Jagran Prakashan Limited is paid Annually, ensuring regular and consistent income for investors.
This INE199G07057 bond issued by Jagran Prakashan Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.45%, which determines the periodic interest payments made to bondholders.
The INE199G07057 Debenture is issued by Jagran Prakashan Limited, a Private Sector company.
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