Instrument Details

ISIN: INE019A07449

Face value

₹10,00,000

Coupon rate

8.76%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

High

Date of Issue

03 May 2021

Maturity Date

05 Feb 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

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

JSW STEEL LIMITED 8.76 NCD 02MY31 FVRS10LAC
Jsw Steel Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE019A07449, with a face value of ₹10,00,000 rs on 03May21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 8.76% and its interest is paid 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 8.76% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 02/05/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06May21. CARE RATINGS LIMITED has given AA rating to this Debenture on 03May21. This issuer is formerly known as JINDAL VIJAYANAGAR STEEL 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
08 Dec 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
03-May-21 : Your investment
₹87,60,000
03-May-22 : Interest
₹87,60,000
03-May-23 : Interest
₹87,60,000
03-May-24 : Interest
₹87,60,000
03-May-25 : Interest
₹87,60,000
03-May-26 : Interest
₹87,60,000
03-May-27 : Interest
₹87,60,000
03-May-28 : Interest
₹87,60,000
03-May-29 : Interest
₹87,60,000
03-May-30 : Interest
₹67,20,000
05-Feb-31 : Interest
₹18,55,60,000
05-Feb-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,55,60,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.76%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Iron & Steel Products
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Capital Goods
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE019A07449 issued by Jsw Steel Limited

The instrument name of INE019A07449 ISIN is JSW STEEL LIMITED 8.76 NCD 02MY31 FVRS10LAC.
The interest earned from INE019A07449 bond issued by Jsw Steel Limited is paid Annually, ensuring regular and consistent income for investors.
This INE019A07449 bond issued by Jsw Steel 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 8.76%, which determines the periodic interest payments made to bondholders.
The INE019A07449 Debenture is issued by Jsw Steel Limited, a Private Sector company.