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22.95% Sinew Developers Private Limited - D Rated (INE429L07017)
In-activePrivate SectorSecured
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)
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
Similar Bonds
About the issuer
BASIC INDUSTRY
Industrial
HEAD OFFICE
Pune
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Sinew Developers Private Limited
FAQs about INE429L07017 issued by Sinew Developers Private Limited
What is the instrument name of INE429L07017 ISIN?
The instrument name of INE429L07017 ISIN is SINEW DEVELOPERS PRIVATE LIMITED SR A 22.95 NCD 01MR20 FVRS1CR.
How frequently is the interest paid on INE429L07017 bond issued by Sinew Developers Private Limited?
The interest earned from INE429L07017 bond issued by Sinew Developers Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE429L07017 bond issued by Sinew Developers Private Limited?
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.
What is the coupon rate of INE429L07017 bond issued by Sinew Developers Private Limited?
This Debenture offers a coupon rate of 22.95%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE429L07017 Debenture?
The INE429L07017 Debenture is issued by Sinew Developers Private 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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