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Instrument Details

ISIN: INE758N07023

Face value

₹10,00,000

Coupon rate

8.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

02 Aug 2017

Maturity Date

08 Feb 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA- (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

OCEAN SPARKLE LIMITED 8.5 NCD 02AG22 FVRS10LAC
Ocean Sparkle Limited, a Utilities company, has floated Debenture, having ISIN value as INE758N07023, with a face value of ₹10,00,000 rs on 02Aug17 to raise 50 crores. The debt instrument is issued with a coupon rate of 8.50% 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 Secured Debenture is 8.50% SECURED UNLISTED RATED REDEEMABLE NON COVNERTIBLE DEBENTURES. DATE OF MATURITY 02/08/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA- rating to this Debenture on 13Mar23. This issuer is formerly known as OCEAN SPARKLE 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
AA
High Safety
AA-
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Date Verified
13 Mar 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
02-Aug-17 : Your investment
₹85,00,000
02-Aug-18 : Interest
₹85,00,000
02-Aug-19 : Interest
₹85,00,000
02-Aug-20 : Interest
₹85,00,000
02-Aug-21 : Interest
₹44,47,945
08-Feb-22 : Interest
₹13,84,47,945
08-Feb-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,84,47,945)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE758N07023 issued by Ocean Sparkle Limited

The instrument name of INE758N07023 ISIN is OCEAN SPARKLE LIMITED 8.5 NCD 02AG22 FVRS10LAC.
The interest earned from INE758N07023 bond issued by Ocean Sparkle Limited is paid Annually, ensuring regular and consistent income for investors.
This INE758N07023 bond issued by Ocean Sparkle Limited has been assigned a credit rating of AA- by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE758N07023 Debenture is issued by Ocean Sparkle Limited, a Private Sector company.
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