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Instrument Details

ISIN: INE575X08010

Face value

₹10

Coupon rate

7.72%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

17.69

Instrument Type

Debenture

Returns

Medium

Date of Issue

08 Apr 2020

Maturity Date

04 Jul 2030

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Fully Convertible

About this Bond

RADIANCE SOLAR PRIVATE LIMITED SR I 7.72 CCD 07AP30 FVRS10
Radiance Solar Private Limited, has floated Debenture, having ISIN value as INE575X08010, with a face value of ₹10 rs on 08Apr20 to raise 17.69 crores. The debt instrument is issued with a coupon rate of 7.72% 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 Unsecured Debenture is 7.72% UNSECURED UNLISTED UNRATED COMPULSORILY CONVERTIBLE DEBENTURES. SERIES-1. DATE OF CONVERSION 07/04/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. 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
Subordinate Tier 1
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10
Lot Size
100
Minimum Investment
₹1,000

Cashflow

₹1,000
08-Apr-20 : Your investment
₹77
08-Apr-21 : Interest
₹77
08-Apr-22 : Interest
₹77
08-Apr-23 : Interest
₹77
08-Apr-24 : Interest
₹77
08-Apr-25 : Interest
₹77
08-Apr-26 : Interest
₹77
08-Apr-27 : Interest
₹77
08-Apr-28 : Interest
₹77
08-Apr-29 : Interest
₹77
08-Apr-30 : Interest
₹1,772
04-Jul-30 : Maturity amount (Investment: ₹1,000, Interest earned: ₹772)

Summary

Instrument Attributes

Value

Coupon Rate

7.72%

Returns

Medium

Bond Rating

Unrated

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Fully Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE575X08010 issued by Radiance Solar Private Limited

The instrument name of INE575X08010 ISIN is RADIANCE SOLAR PRIVATE LIMITED SR I 7.72 CCD 07AP30 FVRS10.
The interest earned from INE575X08010 bond issued by Radiance Solar Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE575X08010 bond issued by Radiance Solar Private Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 7.72%, which determines the periodic interest payments made to bondholders.
The INE575X08010 Debenture is issued by Radiance Solar Private Limited, a Private Sector company.
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