Instrument Details

ISIN: INE746N07291

Face value

₹1,00,000

Coupon rate

9.51%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

320.83

Instrument Type

Debenture

Returns

High

Date of Issue

05 May 2017

Maturity Date

20 Jan 2024

Perpetual

Yes

Listing Status

Listed

Rating status

D (INDIA Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

JHARKHAND ROAD PROJECTS IMPLEMENTATION CO.LTD SR-B TR1 STRPP27 9.5119 NCD 20JN24 FVRS1LAC
Jharkhand Road Projects Implementation Co.ltd, a Toll bridge operator company, has floated Debenture, having ISIN value as INE746N07291, with a face value of ₹1,00,000 rs on 05May17 to raise 320.83 crores. The debt instrument is issued with a coupon rate of 9.51% 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 9.5119% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B TRANCHE 1 STRPP 27 . DATE OF MATURITY 20/01/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 24May17. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 21Oct22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
D
Default or Expect to Default
D
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Date Verified
16 Aug 2023
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Outlook
No Outlook
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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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
05-May-17 : Your investment
₹2,37,750
05-Aug-17 : Interest
₹2,37,750
05-Nov-17 : Interest
₹2,37,750
05-Feb-18 : Interest
₹2,37,750
05-May-18 : Interest
₹2,37,750
05-Aug-18 : Interest
₹2,37,750
05-Nov-18 : Interest
₹2,37,750
05-Feb-19 : Interest
₹2,37,750
05-May-19 : Interest
₹2,37,750
05-Aug-19 : Interest
₹2,37,750
05-Nov-19 : Interest
₹2,37,750
05-Feb-20 : Interest
₹2,37,750
05-May-20 : Interest
₹2,37,750
05-Aug-20 : Interest
₹2,37,750
05-Nov-20 : Interest
₹2,37,750
05-Feb-21 : Interest
₹2,37,750
05-May-21 : Interest
₹2,37,750
05-Aug-21 : Interest
₹2,37,750
05-Nov-21 : Interest
₹2,37,750
05-Feb-22 : Interest
₹2,37,750
05-May-22 : Interest
₹2,37,750
05-Aug-22 : Interest
₹2,37,750
05-Nov-22 : Interest
₹2,37,750
05-Feb-23 : Interest
₹2,37,750
05-May-23 : Interest
₹2,37,750
05-Aug-23 : Interest
₹2,37,750
05-Nov-23 : Interest
₹1,14,912
20-Jan-24 : Interest
₹1,62,96,412
20-Jan-24 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹62,96,412)

Summary

Instrument Attributes

Value

Coupon Rate

9.51%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Toll bridge operator
Head Office
HEAD OFFICE
Ranchi
Sector name
SECTOR
Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE746N07291 issued by Jharkhand Road Projects Implementation Co.ltd

The instrument name of INE746N07291 ISIN is JHARKHAND ROAD PROJECTS IMPLEMENTATION CO.LTD SR-B TR1 STRPP27 9.5119 NCD 20JN24 FVRS1LAC.
The interest earned from INE746N07291 bond issued by Jharkhand Road Projects Implementation Co.ltd is paid Quarterly, ensuring regular and consistent income for investors.
This INE746N07291 bond issued by Jharkhand Road Projects Implementation Co.ltd has been assigned a credit rating of D by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.51%, which determines the periodic interest payments made to bondholders.
The INE746N07291 Debenture is issued by Jharkhand Road Projects Implementation Co.ltd, a Private Sector company.