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10% Magnite Developers Private Limited - BB Rated (INE0M1Q07015)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE0M1Q07015
Face value
₹10,00,000
Coupon rate
10%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
800
Instrument Type
Debenture
Returns
High
Date of Issue
07 Oct 2022
Maturity Date
31 Mar 2027
Perpetual
Yes
Listing Status
Listed
Rating status
BB+ (Infomerics Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
MAGNITE DEVELOPERS PRIVATE LIMITED 10LOA 31MR2727 FVRS10LAC
Magnite Developers Private Limited, a Residential, Commercial Projects company, has floated Debenture,
having ISIN value as INE0M1Q07015, with a face value of ₹10,00,000 rs on 07Oct22 to raise 800 crores. The debt instrument
is issued with a coupon rate of 10% 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 10% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 31/03/2027.. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type
with Partial Redemption By Face Value option. The Debenture is listed on BSE stock
exchange on 10Oct22. Infomerics Valuation and Rating Pvt. Ltd has given BB+ rating to
this Debenture on 10Jan24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
07-Oct-22 : Your investment
₹25,00,000
07-Jan-23 : Interest
₹25,00,000
07-Apr-23 : Interest
₹25,00,000
07-Jul-23 : Interest
₹25,00,000
07-Oct-23 : Interest
₹25,00,000
07-Jan-24 : Interest
₹25,00,000
07-Apr-24 : Interest
₹25,00,000
07-Jul-24 : Interest
₹25,00,000
07-Oct-24 : Interest
₹25,00,000
07-Jan-25 : Interest
₹25,00,000
07-Apr-25 : Interest
₹25,00,000
07-Jul-25 : Interest
₹25,00,000
07-Oct-25 : Interest
₹25,00,000
07-Jan-26 : Interest
₹25,00,000
07-Apr-26 : Interest
₹25,00,000
07-Jul-26 : Interest
₹25,00,000
07-Oct-26 : Interest
₹25,00,000
07-Jan-27 : Interest
₹10,69,444
31-Mar-27 : Interest
₹14,35,69,444
31-Mar-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹4,35,69,444)
Summary
Instrument Attributes
Value
Coupon Rate
10%
Returns
High
Bond Rating
BB+
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Residential, Commercial Projects
HEAD OFFICE
Pune
SECTOR
Realty
ISSUER OWNERSHIP
Private Sector
Other Bonds of Magnite Developers Private Limited
FAQs about INE0M1Q07015 issued by Magnite Developers Private Limited
What is the instrument name of INE0M1Q07015 ISIN?
The instrument name of INE0M1Q07015 ISIN is MAGNITE DEVELOPERS PRIVATE LIMITED 10LOA 31MR2727 FVRS10LAC.
How frequently is the interest paid on INE0M1Q07015 bond issued by Magnite Developers Private Limited?
The interest earned from INE0M1Q07015 bond issued by Magnite Developers Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE0M1Q07015 bond issued by Magnite Developers Private Limited?
This INE0M1Q07015 bond issued by Magnite Developers Private Limited has been assigned a credit rating of BB+ by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE0M1Q07015 bond issued by Magnite Developers Private Limited?
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE0M1Q07015 Debenture?
The INE0M1Q07015 Debenture is issued by Magnite Developers Private Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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