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Instrument Details

ISIN: INE089C07109

Face value

₹10,00,000

Coupon rate

8.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

290

Instrument Type

Debenture

Returns

High

Date of Issue

25 Mar 2021

Maturity Date

25 Mar 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

STERLITE TECHNOLOGIES LIMITED 8.25 NCD 25MR31 FVRS10LAC
Sterlite Technologies Limited, a Other Telecom Services company, has floated Debenture, having ISIN value as INE089C07109, with a face value of ₹10,00,000 rs on 25Mar21 to raise 290 crores. The debt instrument is issued with a coupon rate of 8.25% 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 Secured Debenture is 8.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 25/03/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 30Mar21. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 08Mar21. This issuer is formerly known as STERLITE OPTICAL TECHNOLOGIES LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA-
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Date Verified
03 Sep 2024
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Outlook
No Outlook
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
25-Mar-21 : Your investment
₹82,50,000
25-Mar-22 : Interest
₹82,50,000
25-Mar-23 : Interest
₹82,50,000
25-Mar-24 : Interest
₹82,50,000
25-Mar-25 : Interest
₹82,50,000
25-Mar-26 : Interest
₹82,50,000
25-Mar-27 : Interest
₹82,50,000
25-Mar-28 : Interest
₹82,50,000
25-Mar-29 : Interest
₹82,50,000
25-Mar-30 : Interest
₹82,50,000
25-Mar-31 : Interest
₹18,25,00,000
25-Mar-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.25%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Other Telecom Services
Head Office
HEAD OFFICE
Aurangabad
Sector name
SECTOR
Telecommunication
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE089C07109 issued by Sterlite Technologies Limited

The instrument name of INE089C07109 ISIN is STERLITE TECHNOLOGIES LIMITED 8.25 NCD 25MR31 FVRS10LAC.
The interest earned from INE089C07109 bond issued by Sterlite Technologies Limited is paid Annually, ensuring regular and consistent income for investors.
This INE089C07109 bond issued by Sterlite Technologies Limited has been assigned a credit rating of AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.25%, which determines the periodic interest payments made to bondholders.
The INE089C07109 Debenture is issued by Sterlite Technologies Limited, a Private Sector company.
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