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Instrument Details

ISIN: INE843S07048

Face value

₹10

Coupon rate

17.25%

Payment

Subject to Availability of Funds

Tax Type

Taxable

Issue Size (Cr)

40

Instrument Type

Debenture

Returns

High

Date of Issue

19 Jan 2022

Maturity Date

15 Dec 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SURAJ ESTATE DEVELOPERS LIMITED 17.25 NCD 15DC24 FVRS10
Suraj Estate Developers Limited, a Utilities company, has floated Debenture, having ISIN value as INE843S07048, with a face value of ₹10 rs on 19Jan22 to raise 40 crores. The debt instrument is issued with a coupon rate of 17.25% and its interest is paid Subject to Availability of Funds. 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 17.25% SECURED UNRATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 15/12/2024. This instrument is issued in Private Placement (EBP) mode. It has Compounding coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SURAJ ESTATE 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
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
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

17.25%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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FAQs about INE843S07048 issued by Suraj Estate Developers Limited

The instrument name of INE843S07048 ISIN is SURAJ ESTATE DEVELOPERS LIMITED 17.25 NCD 15DC24 FVRS10.
The interest earned from INE843S07048 bond issued by Suraj Estate Developers Limited is paid Subject to Availability of Funds, ensuring regular and consistent income for investors.
This INE843S07048 bond issued by Suraj Estate Developers Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 17.25%, which determines the periodic interest payments made to bondholders.
The INE843S07048 Debenture is issued by Suraj Estate Developers Limited, a Private Sector company.
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