The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE944Y07232

Face value

₹1,00,000

Coupon rate

8.45%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

24.92

Instrument Type

Debenture

Returns

High

Date of Issue

27 Dec 2017

Maturity Date

03 Jan 2029

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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 11 8.45 NCD 01MR29 FVRS1LAC
Jorabat Shillong Expressway Limited, a Utilities company, has floated Debenture, having ISIN value as INE944Y07232, with a face value of ₹1,00,000 rs on 27Dec17 to raise 24.92 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 11. DATE OF MATURITY 01/03/2029. 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 09Jan18. INDIA RATING AND RESEARCH PVT. LTD has given AAA 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
AAA
Highest Safety
AAA
check
Date Verified
28 Nov 2023
check
Outlook
Stable
logo
Seniority in Repayment
Subordinate Tier 1
logo
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
₹4,22,500
27-Jun-23 : Interest
₹4,22,500
27-Dec-23 : Interest
₹4,22,500
27-Jun-24 : Interest
₹4,22,500
27-Dec-24 : Interest
₹4,22,500
27-Jun-25 : Interest
₹4,22,500
27-Dec-25 : Interest
₹4,22,500
27-Jun-26 : Interest
₹4,22,500
27-Dec-26 : Interest
₹4,22,500
27-Jun-27 : Interest
₹4,22,500
27-Dec-27 : Interest
₹4,22,500
27-Jun-28 : Interest
₹4,22,500
27-Dec-28 : Interest
₹1,92,95,000
03-Jan-29 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹92,95,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.45%

Returns

High

Bond Rating

AAA

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 INE944Y07232 issued by Jorabat Shillong Expressway Limited

The instrument name of INE944Y07232 ISIN is JORABAT SHILLONG EXPRESSWAY LIMITED SR-II STRPP 11 8.45 NCD 01MR29 FVRS1LAC.
The interest earned from INE944Y07232 bond issued by Jorabat Shillong Expressway Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE944Y07232 bond issued by Jorabat Shillong Expressway Limited has been assigned a credit rating of AAA 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 INE944Y07232 Debenture is issued by Jorabat Shillong Expressway Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow