Instrument Details

ISIN: INE757O07015

Face value

₹2,80,190

Coupon rate

8.90%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

600

Instrument Type

Debenture

Returns

High

Date of Issue

05 Jan 2022

Maturity Date

01 May 2026

Perpetual

Yes

Listing Status

Listed

Rating status

A+(CE) (ICRA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PRESTIGE PROJECTS PRIVATE LIMITED 8.90 LOA 05JN26 FVRS280191
Prestige Projects Private Limited, a Residential, Commercial Projects company, has floated Debenture, having ISIN value as INE757O07015, with a face value of ₹2,80,190 rs on 05Jan22 to raise 600 crores. The debt instrument is issued with a coupon rate of 8.90% 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 Debenture is 8.90% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF MATURITY 05/01/2026. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 10Jan22. ICRA LIMITED has given A+(CE) rating to this Debenture on 25Jul23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A+(CE)
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Date Verified
26 Jul 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
₹2,80,190
Lot Size
100
Minimum Investment
₹2,80,19,000

Cashflow

₹2,80,19,000
05-Jan-22 : Your investment
₹6,23,422
05-Apr-22 : Interest
₹6,23,422
05-Jul-22 : Interest
₹6,23,422
05-Oct-22 : Interest
₹6,23,422
05-Jan-23 : Interest
₹6,23,422
05-Apr-23 : Interest
₹6,23,422
05-Jul-23 : Interest
₹6,23,422
05-Oct-23 : Interest
₹6,23,422
05-Jan-24 : Interest
₹6,23,422
05-Apr-24 : Interest
₹6,23,422
05-Jul-24 : Interest
₹6,23,422
05-Oct-24 : Interest
₹6,23,422
05-Jan-25 : Interest
₹6,23,422
05-Apr-25 : Interest
₹6,23,422
05-Jul-25 : Interest
₹6,23,422
05-Oct-25 : Interest
₹6,23,422
05-Jan-26 : Interest
₹6,23,422
05-Apr-26 : Interest
-₹1,42,001
01-May-26 : Interest
₹3,84,75,184
01-May-26 : Maturity amount (Investment: ₹2,80,19,000, Interest earned: ₹1,04,56,184)

Summary

Instrument Attributes

Value

Coupon Rate

8.90%

Returns

High

Bond Rating

A+(CE)

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE757O07015 issued by Prestige Projects Private Limited

The instrument name of INE757O07015 ISIN is PRESTIGE PROJECTS PRIVATE LIMITED 8.90 LOA 05JN26 FVRS280191.
The interest earned from INE757O07015 bond issued by Prestige Projects Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE757O07015 bond issued by Prestige Projects Private Limited has been assigned a credit rating of A+(CE) by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.9%, which determines the periodic interest payments made to bondholders.
The INE757O07015 Debenture is issued by Prestige Projects Private Limited, a Private Sector company.