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Instrument Details

ISIN: INE711Z07018

Face value

₹5,00,00,000

Coupon rate

14%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

13 Mar 2018

Maturity Date

03 Dec 2021

Perpetual

Yes

Listing Status

Unlisted

Rating status

A- (BRICKWORK 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

MACROTECH DEVELOPERS LIMITED 14 LOA 12MR21 FVRS5CR
Macrotech Developers Limited, a Utilities company, has floated Debenture, having ISIN value as INE711Z07018, with a face value of ₹5,00,00,000 rs on 13Mar18 to raise 100 crores. The debt instrument is issued with a coupon rate of 14% and its interest is paid Quarterly. 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 14% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 12/03/2021. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A- rating to this Debenture on 19Mar18. This issuer is formerly known as LODHA DEVELOPERS PRIVATE LIMITED, LODHA DEVELOPERS LIMITED, LODHA DEVELOPERS PRIVATE 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
A
Adequate Safety
A-
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Date Verified
05 Oct 2021
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Outlook
Stable
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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
₹5,00,00,000
Lot Size
100
Minimum Investment
₹5,00,00,00,000

Cashflow

₹5,00,00,00,000
13-Mar-18 : Your investment
₹17,50,00,000
13-Jun-18 : Interest
₹17,50,00,000
13-Sep-18 : Interest
₹17,50,00,000
13-Dec-18 : Interest
₹17,50,00,000
13-Mar-19 : Interest
₹17,50,00,000
13-Jun-19 : Interest
₹17,50,00,000
13-Sep-19 : Interest
₹17,50,00,000
13-Dec-19 : Interest
₹17,50,00,000
13-Mar-20 : Interest
₹17,50,00,000
13-Jun-20 : Interest
₹17,50,00,000
13-Sep-20 : Interest
₹17,50,00,000
13-Dec-20 : Interest
₹17,50,00,000
13-Mar-21 : Interest
₹17,50,00,000
13-Jun-21 : Interest
₹17,50,00,000
13-Sep-21 : Interest
₹6,51,38,888
03-Dec-21 : Interest
₹7,51,51,38,888
03-Dec-21 : Maturity amount (Investment: ₹5,00,00,00,000, Interest earned: ₹2,51,51,38,888)

Summary

Instrument Attributes

Value

Coupon Rate

14%

Returns

High

Bond Rating

A-

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 INE711Z07018 issued by Macrotech Developers Limited

The instrument name of INE711Z07018 ISIN is MACROTECH DEVELOPERS LIMITED 14 LOA 12MR21 FVRS5CR.
The interest earned from INE711Z07018 bond issued by Macrotech Developers Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE711Z07018 bond issued by Macrotech Developers Limited has been assigned a credit rating of A- by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 14%, which determines the periodic interest payments made to bondholders.
The INE711Z07018 Debenture is issued by Macrotech Developers Limited, a Private Sector company.
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