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Instrument Details

ISIN: INE746N07929

Face value

₹1,00,000

Coupon rate

8.40%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

6.84

Instrument Type

Debenture

Returns

High

Date of Issue

05 May 2017

Maturity Date

22 Jan 2029

Perpetual

Yes

Listing Status

Listed

Rating status

D (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

JHARKHAND ROAD PROJECTS IMPLEMENTATION CO.LTD SR B TR 1 STRP 15 8.4 NCD 22JN29 FVRS1LAC
Jharkhand Road Projects Implementation Co.ltd, a Toll bridge operator company, has floated Debenture, having ISIN value as INE746N07929, with a face value of ₹1,00,000 rs on 05May17 to raise 6.84 crores. The debt instrument is issued with a coupon rate of 8.40% 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 8.4% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES B TRANCHE 1 STRPP 15 . DATE OF MATURITY 22/01/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 21Jan22. 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
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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
05-May-17 : Your investment
₹2,10,000
05-Aug-17 : Interest
₹2,10,000
05-Nov-17 : Interest
₹2,10,000
05-Feb-18 : Interest
₹2,10,000
05-May-18 : Interest
₹2,10,000
05-Aug-18 : Interest
₹2,10,000
05-Nov-18 : Interest
₹2,10,000
05-Feb-19 : Interest
₹2,10,000
05-May-19 : Interest
₹2,10,000
05-Aug-19 : Interest
₹2,10,000
05-Nov-19 : Interest
₹2,10,000
05-Feb-20 : Interest
₹2,10,000
05-May-20 : Interest
₹2,10,000
05-Aug-20 : Interest
₹2,10,000
05-Nov-20 : Interest
₹2,10,000
05-Feb-21 : Interest
₹2,10,000
05-May-21 : Interest
₹2,10,000
05-Aug-21 : Interest
₹2,10,000
05-Nov-21 : Interest
₹2,10,000
05-Feb-22 : Interest
₹2,10,000
05-May-22 : Interest
₹2,10,000
05-Aug-22 : Interest
₹2,10,000
05-Nov-22 : Interest
₹2,10,000
05-Feb-23 : Interest
₹2,10,000
05-May-23 : Interest
₹2,10,000
05-Aug-23 : Interest
₹2,10,000
05-Nov-23 : Interest
₹2,10,000
05-Feb-24 : Interest
₹2,10,000
05-May-24 : Interest
₹2,10,000
05-Aug-24 : Interest
₹2,10,000
05-Nov-24 : Interest
₹2,10,000
05-Feb-25 : Interest
₹2,10,000
05-May-25 : Interest
₹2,10,000
05-Aug-25 : Interest
₹2,10,000
05-Nov-25 : Interest
₹2,10,000
05-Feb-26 : Interest
₹2,10,000
05-May-26 : Interest
₹2,10,000
05-Aug-26 : Interest
₹2,10,000
05-Nov-26 : Interest
₹2,10,000
05-Feb-27 : Interest
₹2,10,000
05-May-27 : Interest
₹2,10,000
05-Aug-27 : Interest
₹2,10,000
05-Nov-27 : Interest
₹2,10,000
05-Feb-28 : Interest
₹2,10,000
05-May-28 : Interest
₹2,10,000
05-Aug-28 : Interest
₹2,10,000
05-Nov-28 : Interest
-₹40,833
22-Jan-29 : Interest
-₹40,833
22-Jan-29 : Interest
₹1,95,78,333
22-Jan-29 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹95,78,333)

Summary

Instrument Attributes

Value

Coupon Rate

8.40%

Returns

High

Bond Rating

D

Seniority in Repayment

None

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 INE746N07929 issued by Jharkhand Road Projects Implementation Co.ltd

The instrument name of INE746N07929 ISIN is JHARKHAND ROAD PROJECTS IMPLEMENTATION CO.LTD SR B TR 1 STRP 15 8.4 NCD 22JN29 FVRS1LAC.
The interest earned from INE746N07929 bond issued by Jharkhand Road Projects Implementation Co.ltd is paid Quarterly, ensuring regular and consistent income for investors.
This INE746N07929 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 8.4%, which determines the periodic interest payments made to bondholders.
The INE746N07929 Debenture is issued by Jharkhand Road Projects Implementation Co.ltd, a Private Sector company.
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