Instrument Details

ISIN: INE244B07169

Face value

₹1,000

Coupon rate

0.01%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

448.98

Instrument Type

Debenture

Returns

Low

Date of Issue

24 Nov 2017

Maturity Date

08 Aug 2027

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Fully Convertible

About this Bond

PATEL ENGINEERING LIMITED TR-2 0.01 OCD 08AG27 FVRS1000
Patel Engineering Limited, a Engineering, Designing & Construction company, has floated Debenture, having ISIN value as INE244B07169, with a face value of ₹1,000 rs on 24Nov17 to raise 448.98 crores. The debt instrument is issued with a coupon rate of 0.01% 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 0.01% SECURED UNLISTED OPTIONALLY CONVERTIBLE DEBENTURES. TRANCHE 2. DATE OF CONVERSION 08/08/2027. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as PATEL ENGINEERING CO. LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
24-Nov-17 : Your investment
₹10
24-Nov-18 : Interest
₹10
24-Nov-19 : Interest
₹10
24-Nov-20 : Interest
₹10
24-Nov-21 : Interest
₹10
24-Nov-22 : Interest
₹10
24-Nov-23 : Interest
₹10
24-Nov-24 : Interest
₹10
24-Nov-25 : Interest
₹10
24-Nov-26 : Interest
₹7
08-Aug-27 : Interest
₹1,00,097
08-Aug-27 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹97)

Summary

Instrument Attributes

Value

Coupon Rate

0.01%

Returns

Low

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Fully Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Engineering, Designing & Construction
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Construction
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE244B07169 issued by Patel Engineering Limited

The instrument name of INE244B07169 ISIN is PATEL ENGINEERING LIMITED TR-2 0.01 OCD 08AG27 FVRS1000.
The interest earned from INE244B07169 bond issued by Patel Engineering Limited is paid Annually, ensuring regular and consistent income for investors.
This INE244B07169 bond issued by Patel Engineering Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 0.01%, which determines the periodic interest payments made to bondholders.
The INE244B07169 Debenture is issued by Patel Engineering Limited, a Private Sector company.