Instrument Details

ISIN: INE429L07017

Face value

₹1,00,00,000

Coupon rate

22.95%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

02 Mar 2015

Maturity Date

03 Jan 2020

Perpetual

Yes

Listing Status

Listed

Rating status

D (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

SINEW DEVELOPERS PRIVATE LIMITED SR A 22.95 NCD 01MR20 FVRS1CR
Sinew Developers Private Limited, a Industrial company, has floated Debenture, having ISIN value as INE429L07017, with a face value of ₹1,00,00,000 rs on 02Mar15 to raise 200 crores. The debt instrument is issued with a coupon rate of 22.95% 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 22.95% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 01/03/2020. This instrument is issued in Private Placement mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 12Mar15. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 21Jan15. This issuer is formerly known as SINEW DEVELOPERS LIMITED, SINEW DEVELOPERS 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
D
Default or Expect to Default
D
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Date Verified
27 Jan 2020
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Outlook
-
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Seniority in Repayment
Subordinate Tier 1
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
02-Mar-15 : Your investment
₹5,73,75,000
02-Jun-15 : Interest
₹5,73,75,000
02-Sep-15 : Interest
₹5,73,75,000
02-Dec-15 : Interest
₹5,73,75,000
02-Mar-16 : Interest
₹5,73,75,000
02-Jun-16 : Interest
₹5,73,75,000
02-Sep-16 : Interest
₹5,73,75,000
02-Dec-16 : Interest
₹5,73,75,000
02-Mar-17 : Interest
₹5,73,75,000
02-Jun-17 : Interest
₹5,73,75,000
02-Sep-17 : Interest
₹5,73,75,000
02-Dec-17 : Interest
₹5,73,75,000
02-Mar-18 : Interest
₹5,73,75,000
02-Jun-18 : Interest
₹5,73,75,000
02-Sep-18 : Interest
₹5,73,75,000
02-Dec-18 : Interest
₹5,73,75,000
02-Mar-19 : Interest
₹5,73,75,000
02-Jun-19 : Interest
₹5,73,75,000
02-Sep-19 : Interest
₹5,73,75,000
02-Dec-19 : Interest
-₹60,56,250
03-Jan-20 : Interest
₹2,08,40,68,750
03-Jan-20 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹1,08,40,68,750)

Summary

Instrument Attributes

Value

Coupon Rate

22.95%

Returns

High

Bond Rating

D

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE429L07017 issued by Sinew Developers Private Limited

The instrument name of INE429L07017 ISIN is SINEW DEVELOPERS PRIVATE LIMITED SR A 22.95 NCD 01MR20 FVRS1CR.
The interest earned from INE429L07017 bond issued by Sinew Developers Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE429L07017 bond issued by Sinew Developers Private Limited has been assigned a credit rating of D by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 22.95%, which determines the periodic interest payments made to bondholders.
The INE429L07017 Debenture is issued by Sinew Developers Private Limited, a Private Sector company.