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Instrument Details

ISIN: INE03IL08018

Face value

₹10,00,000

Coupon rate

7%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

Medium

Date of Issue

20 Nov 2020

Maturity Date

20 Nov 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA+(CE) (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

LATUR RENEWABLE PRIVATE LIMITED SR 1A 7 NCD 20NV23 FVRS10LAC
Latur Renewable Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE03IL08018, with a face value of ₹10,00,000 rs on 20Nov20 to raise 100 crores. The debt instrument is issued with a coupon rate of 7% 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 Unsecured Debenture is 7% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 1A. DATE OF MATURITY 20/11/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 24Nov20. CRISIL RATINGS LIMITED has given AA+(CE) rating to this Debenture on 12Nov20. 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+(CE)
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Date Verified
18 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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
20-Nov-20 : Your investment
₹70,00,000
20-Nov-21 : Interest
₹70,00,000
20-Nov-22 : Interest
₹70,00,000
20-Nov-23 : Interest
₹12,10,00,000
20-Nov-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,10,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7%

Returns

Medium

Bond Rating

AA+(CE)

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE03IL08018 issued by Latur Renewable Private Limited

The instrument name of INE03IL08018 ISIN is LATUR RENEWABLE PRIVATE LIMITED SR 1A 7 NCD 20NV23 FVRS10LAC.
The interest earned from INE03IL08018 bond issued by Latur Renewable Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE03IL08018 bond issued by Latur Renewable Private Limited has been assigned a credit rating of AA+(CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7%, which determines the periodic interest payments made to bondholders.
The INE03IL08018 Debenture is issued by Latur Renewable Private Limited, a Private Sector company.
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