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Instrument Details

ISIN: INE565X08011

Face value

₹10

Coupon rate

10.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

10 Apr 2018

Maturity Date

04 Oct 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Fully Convertible

About this Bond

SURAKSHA ASSET RECONSTRUCTION LIMITED 10.5 CCD 10AP23 FVRS10
Suraksha Asset Reconstruction Limited, has floated Debenture, having ISIN value as INE565X08011, with a face value of ₹10 rs on 10Apr18 to raise 100 crores. The debt instrument is issued with a coupon rate of 10.50% 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 Unsecured Debenture is 10.5% UNSECURED UNLISTED UNRATED COMPULSORILY CONVERTIBLE DEBENTURES. DATE OF CONVERSION 10/04/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SURAKSHA ASSET RECONSTRUCTION PRIVATE LIMITED, SURAKSHA ASTREC 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
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10
Lot Size
100
Minimum Investment
₹1,000

Cashflow

₹1,000
10-Apr-18 : Your investment
₹105
10-Apr-19 : Interest
₹105
10-Apr-20 : Interest
₹105
10-Apr-21 : Interest
₹105
10-Apr-22 : Interest
₹105
10-Apr-23 : Interest
₹1,525
04-Oct-23 : Maturity amount (Investment: ₹1,000, Interest earned: ₹525)

Summary

Instrument Attributes

Value

Coupon Rate

10.50%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Fully Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE565X08011 issued by Suraksha Asset Reconstruction Limited

The instrument name of INE565X08011 ISIN is SURAKSHA ASSET RECONSTRUCTION LIMITED 10.5 CCD 10AP23 FVRS10.
The interest earned from INE565X08011 bond issued by Suraksha Asset Reconstruction Limited is paid Annually, ensuring regular and consistent income for investors.
This INE565X08011 bond issued by Suraksha Asset Reconstruction Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 10.5%, which determines the periodic interest payments made to bondholders.
The INE565X08011 Debenture is issued by Suraksha Asset Reconstruction Limited, a Private Sector company.
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