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Instrument Details

ISIN: INE324A07179

Face value

₹10,00,000

Coupon rate

8.25%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

26 Mar 2021

Maturity Date

26 Mar 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

JINDAL SAW LIMITED SR I 8.25 NCD 26MR31 FVRS10LAC
Jindal Saw Limited, a Iron & Steel company, has floated Debenture, having ISIN value as INE324A07179, with a face value of ₹10,00,000 rs on 26Mar21 to raise 500 crores. The debt instrument is issued with a coupon rate of 8.25% and its interest is paid Semi 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 8.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I-2021. DATE OF MATURITY 26/03/2031.. 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 30Mar21. CARE RATINGS LIMITED has given AA rating to this Debenture on 26Mar21. This issuer is formerly known as SAW PIPES 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
20 Sep 2023
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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
26-Mar-21 : Your investment
₹41,25,000
26-Sep-21 : Interest
₹41,25,000
26-Mar-22 : Interest
₹41,25,000
26-Sep-22 : Interest
₹41,25,000
26-Mar-23 : Interest
₹41,25,000
26-Sep-23 : Interest
₹41,25,000
26-Mar-24 : Interest
₹41,25,000
26-Sep-24 : Interest
₹41,25,000
26-Mar-25 : Interest
₹41,25,000
26-Sep-25 : Interest
₹41,25,000
26-Mar-26 : Interest
₹41,25,000
26-Sep-26 : Interest
₹41,25,000
26-Mar-27 : Interest
₹41,25,000
26-Sep-27 : Interest
₹41,25,000
26-Mar-28 : Interest
₹41,25,000
26-Sep-28 : Interest
₹41,25,000
26-Mar-29 : Interest
₹41,25,000
26-Sep-29 : Interest
₹41,25,000
26-Mar-30 : Interest
₹41,25,000
26-Sep-30 : Interest
₹41,25,000
26-Mar-31 : Interest
₹18,25,00,000
26-Mar-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.25%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Iron & Steel
Head Office
HEAD OFFICE
Mathura
Sector name
SECTOR
Metals & Mining
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE324A07179 issued by Jindal Saw Limited

The instrument name of INE324A07179 ISIN is JINDAL SAW LIMITED SR I 8.25 NCD 26MR31 FVRS10LAC.
The interest earned from INE324A07179 bond issued by Jindal Saw Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE324A07179 bond issued by Jindal Saw Limited has been assigned a credit rating of AA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.25%, which determines the periodic interest payments made to bondholders.
The INE324A07179 Debenture is issued by Jindal Saw Limited, a Private Sector company.
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