Instrument Details

ISIN: INE017A08268

Face value

₹10,00,000

Coupon rate

8.24%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

10 Nov 2016

Maturity Date

11 Oct 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

THE GREAT EASTERN SHIPPING COMPANY LIMITED 8.24 NCD 10NV26 FVRS10LAC
The Great Eastern Shipping Company Limited, a Shipping company, has floated Debenture, having ISIN value as INE017A08268, with a face value of ₹10,00,000 rs on 10Nov16 to raise 200 crores. The debt instrument is issued with a coupon rate of 8.24% 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 8.24% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 10/11/2026. 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 28Nov16 & on NSE stock exchange on 28Nov16. CARE Ratings Limited has given AAA rating to this Debenture on 10Nov16. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Jun 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
10-Nov-16 : Your investment
₹82,40,000
10-Nov-17 : Interest
₹82,40,000
10-Nov-18 : Interest
₹82,40,000
10-Nov-19 : Interest
₹82,40,000
10-Nov-20 : Interest
₹82,40,000
10-Nov-21 : Interest
₹82,40,000
10-Nov-22 : Interest
₹82,40,000
10-Nov-23 : Interest
₹82,40,000
10-Nov-24 : Interest
₹82,40,000
10-Nov-25 : Interest
₹76,07,890
11-Oct-26 : Interest
₹18,17,67,890
11-Oct-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,17,67,890)

Summary

Instrument Attributes

Value

Coupon Rate

8.24%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Shipping
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE017A08268 issued by The Great Eastern Shipping Company Limited

The instrument name of INE017A08268 ISIN is THE GREAT EASTERN SHIPPING COMPANY LIMITED 8.24 NCD 10NV26 FVRS10LAC.
The interest earned from INE017A08268 bond issued by The Great Eastern Shipping Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE017A08268 bond issued by The Great Eastern Shipping Company Limited has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.24%, which determines the periodic interest payments made to bondholders.
The INE017A08268 Debenture is issued by The Great Eastern Shipping Company Limited, a Private Sector company.