Instrument Details

ISIN: INE944Y07174

Face value

₹1,00,000

Coupon rate

8.45%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

16.18

Instrument Type

Debenture

Returns

High

Date of Issue

27 Dec 2017

Maturity Date

03 Jan 2023

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

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

JORABAT SHILLONG EXPRESSWAY LIMITED SR-II STRPP 5 8.45 NCD 01MR23 FVRS1LAC
Jorabat Shillong Expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE944Y07174, with a face value of ₹1,00,000 rs on 27Dec17 to raise 16.18 crores. The debt instrument is issued with a coupon rate of 8.45% 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 8.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II. STRPP 5. DATE OF MATURITY 01/03/2023. 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 09Jan18. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 04Mar20. 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
21 Feb 2023
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Outlook
No Outlook
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Seniority in Repayment
Subordinate Tier 1
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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
27-Dec-17 : Your investment
₹4,22,500
27-Jun-18 : Interest
₹4,22,500
27-Dec-18 : Interest
₹4,22,500
27-Jun-19 : Interest
₹4,22,500
27-Dec-19 : Interest
₹4,22,500
27-Jun-20 : Interest
₹4,22,500
27-Dec-20 : Interest
₹4,22,500
27-Jun-21 : Interest
₹4,22,500
27-Dec-21 : Interest
₹4,22,500
27-Jun-22 : Interest
₹4,22,500
27-Dec-22 : Interest
₹1,42,25,000
03-Jan-23 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹42,25,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.45%

Returns

High

Bond Rating

D

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE944Y07174 issued by Jorabat Shillong Expressway Limited

The instrument name of INE944Y07174 ISIN is JORABAT SHILLONG EXPRESSWAY LIMITED SR-II STRPP 5 8.45 NCD 01MR23 FVRS1LAC.
The interest earned from INE944Y07174 bond issued by Jorabat Shillong Expressway Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE944Y07174 bond issued by Jorabat Shillong Expressway Limited 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 8.45%, which determines the periodic interest payments made to bondholders.
The INE944Y07174 Debenture is issued by Jorabat Shillong Expressway Limited, a Private Sector company.