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Instrument Details

ISIN: INE890Q08025

Face value

₹10

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

2150

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

11 May 2021

Maturity Date

05 Oct 2041

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CARE Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Fully Convertible

About this Bond

MODEL ECONOMIC TOWNSHIP LIMITED SR 02 OCD 10MY41 FVRS10
Model Economic Township Limited, has floated Debenture, having ISIN value as INE890Q08025, with a face value of ₹10 rs on 11May21 to raise 2150 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON UNSECURED RATED UNLISTED OPTIONALLY FULLY CONVERTIBLE DEBENTURE. DATE OF CONVERSION 10/05/2041. This instrument is issued in Bonus mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AAA rating to this Debenture on 05Oct20. This issuer is formerly known as RELIANCE HARYANA SEZ 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
AAA
Highest Safety
AAA
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Date Verified
-
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Outlook
-
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Seniority in Repayment
None
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Fully Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Others
Head Office
HEAD OFFICE
Gurgaon
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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FAQs about INE890Q08025 issued by Model Economic Township Limited

The instrument name of INE890Q08025 ISIN is MODEL ECONOMIC TOWNSHIP LIMITED SR 02 OCD 10MY41 FVRS10.
Never, as INE890Q08025 bond issued by Model Economic Township Limited is a Zero-coupon bond.
This INE890Q08025 bond issued by Model Economic Township Limited has been assigned a credit rating of AAA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE890Q08025 bond issued by Model Economic Township Limited is 0%.
The INE890Q08025 Debenture is issued by Model Economic Township Limited, a Private Sector company.
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