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0% Piombino Steel Limited - AA Rated (INE022708049)
In-activePrivate SectorUnsecured
Instrument Details
ISIN: INE022708049
Face value
₹10,00,000
Coupon rate
0%
Payment
Never
Tax Type
Taxable
Issue Size (Cr)
2600
Instrument Type
Debenture
Returns
Low
Date of Issue
29 Sep 2021
Maturity Date
22 Mar 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
AA(CE) (ICRA Ratings)
Call Option
Available
Put Option
Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
PIOMBINO STEEL LIMITED LOA 22MR24 FVRS10LAC
Piombino Steel Limited, a Iron & Steel company, has floated Debenture,
having ISIN value as INE022708049, with a face value of ₹10,00,000 rs on 29Sep21 to raise 2600 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 UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT.DATE OF MATURITY 22/03/2024. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given AA(CE) rating to
this Debenture on 04Oct21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Summary
Instrument Attributes
Value
Coupon Rate
0%
Returns
Low
Bond Rating
AA(CE)
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Iron & Steel
HEAD OFFICE
New Delhi
SECTOR
Metals & Mining
ISSUER OWNERSHIP
Private Sector
Other Bonds of Piombino Steel Limited
FAQs about INE022708049 issued by Piombino Steel Limited
What is the instrument name of INE022708049 ISIN?
The instrument name of INE022708049 ISIN is PIOMBINO STEEL LIMITED LOA 22MR24 FVRS10LAC.
How frequently is the interest paid on INE022708049 bond issued by Piombino Steel Limited?
Never, as INE022708049 bond issued by Piombino Steel Limited is a Zero-coupon bond.
What is the credit rating of the INE022708049 bond issued by Piombino Steel Limited?
This INE022708049 bond issued by Piombino Steel Limited has been assigned a credit rating of AA(CE) by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE022708049 bond issued by Piombino Steel Limited?
The coupon rate of INE022708049 bond issued by Piombino Steel Limited is 0%.
Who is the issuer of INE022708049 Debenture?
The INE022708049 Debenture is issued by Piombino Steel 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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