Instrument Details

ISIN: INE0LDB07016

Face value

₹10,00,000

Coupon rate

13.95%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

12 May 2022

Maturity Date

11 Oct 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

A(CE) (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

STERLITE GRID 16 LIMITED SR 1 13.95 LOA 05NV23 FVRS10LAC
Sterlite Grid 16 Limited, a Power - Transmission company, has floated Debenture, having ISIN value as INE0LDB07016, with a face value of ₹10,00,000 rs on 12May22 to raise 200 crores. The debt instrument is issued with a coupon rate of 13.95% 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 13.95% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBILE DEBENTURE. SERIES 1. LETTER OF ALLOTMENT.DATE OF MATURITY 10/11/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given A(CE) rating to this Debenture on 28Apr22. 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
31 Oct 2023
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Outlook
No Outlook
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Seniority in Repayment
None
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
12-May-22 : Your investment
₹34,87,500
12-Aug-22 : Interest
₹34,87,500
12-Nov-22 : Interest
₹34,87,500
12-Feb-23 : Interest
₹34,87,500
12-May-23 : Interest
₹34,87,500
12-Aug-23 : Interest
-₹19,375
11-Oct-23 : Interest
₹11,74,18,125
11-Oct-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,74,18,125)

Summary

Instrument Attributes

Value

Coupon Rate

13.95%

Returns

High

Bond Rating

A(CE)

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Power - Transmission
Head Office
HEAD OFFICE
Silvassa
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE0LDB07016 issued by Sterlite Grid 16 Limited

The instrument name of INE0LDB07016 ISIN is STERLITE GRID 16 LIMITED SR 1 13.95 LOA 05NV23 FVRS10LAC.
The interest earned from INE0LDB07016 bond issued by Sterlite Grid 16 Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE0LDB07016 bond issued by Sterlite Grid 16 Limited has been assigned a credit rating of A(CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.95%, which determines the periodic interest payments made to bondholders.
The INE0LDB07016 Debenture is issued by Sterlite Grid 16 Limited, a Private Sector company.