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: INE427L07011

Face value

₹10,00,000

Coupon rate

3M TBILL LINKED

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

490

Instrument Type

Bond

Returns

Linked to Markets

Date of Issue

23 Jun 2022

Maturity Date

22 Jun 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (ICRA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MINDSPACE BUSINESS PARKS PRIVATE LIMITED BR BD 22JU27 FVRS10LAC
Mindspace Business Parks Private Limited, a Residential, Commercial Projects company, has floated Bond, having ISIN value as INE427L07011, with a face value of ₹10,00,000 rs on 23Jun22 to raise 490 crores. The debt instrument is issued with a coupon rate of 3M TBILL LINKED 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 Bond is 3 MONTH T-BILL LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND. DATE OF MATURITY 22/06/2027. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 24Jun22. ICRA LIMITED has given AAA rating to this Bond on 26Jul23. This issuer is formerly known as SERENE PROPERTIES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
check
Date Verified
27 Jul 2023
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

3M TBILL LINKED

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Residential, Commercial Projects
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Realty
Issuer ownership
ISSUER OWNERSHIP
Private Sector
wm-logo

Take control of your wealth

Track and Analyse all your investments with Wealth Monitor

4.3

Rating

rating

Rated ★ 4.3+ on

playstoreappstore

Download the App

appstore
playstore
wm-qr

FAQs about INE427L07011 issued by Mindspace Business Parks Private Limited

The instrument name of INE427L07011 ISIN is MINDSPACE BUSINESS PARKS PRIVATE LIMITED BR BD 22JU27 FVRS10LAC.
The interest earned from INE427L07011 bond issued by Mindspace Business Parks Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE427L07011 bond issued by Mindspace Business Parks Private Limited has been assigned a credit rating of AAA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE427L07011 bond issued by Mindspace Business Parks Private Limited is 3M TBILL LINKED.
The INE427L07011 Bond is issued by Mindspace Business Parks Private Limited, a Private Sector company.
qr

Track all your investments in one place

Download Wealth Monitor App

cross
wm logo

Track and monitor all
your investments