Instrument Details

ISIN: INE685A07082

Face value

₹5,71,420

Coupon rate

Variable Coupon

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

571.42

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

14 Dec 2017

Maturity Date

12 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

TORRENT PHARMACEUTICALS LIMITED RR LOA 12DC25 FVRS571420
Torrent Pharmaceuticals Limited, a Pharmaceuticals company, has floated Debenture, having ISIN value as INE685A07082, with a face value of ₹5,71,420 rs on 14Dec17 to raise 571.42 crores. The debt instrument is issued with a coupon rate of 7.98% (T-BILL RATE+ SPREAD OF 1.72% COUPON TO BE RESET EVERY 6 MONTHS) 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 T-BILL RATE LINKED SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 12/12/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on NSE stock exchange on 15Dec17. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 05Apr18. 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+
check
Date Verified
02 Nov 2023
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Pharmaceuticals
Head Office
HEAD OFFICE
Ahmedabad
Sector name
SECTOR
Healthcare
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE685A07082 issued by Torrent Pharmaceuticals Limited

The instrument name of INE685A07082 ISIN is TORRENT PHARMACEUTICALS LIMITED RR LOA 12DC25 FVRS571420.
The interest earned from INE685A07082 bond issued by Torrent Pharmaceuticals Limited is paid Annually, ensuring regular and consistent income for investors.
This INE685A07082 bond issued by Torrent Pharmaceuticals Limited has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE685A07082 bond issued by Torrent Pharmaceuticals Limited is 7.98% (T-BILL RATE+ SPREAD OF 1.72% COUPON TO BE RESET EVERY 6 MONTHS).
The INE685A07082 Debenture is issued by Torrent Pharmaceuticals Limited, a Private Sector company.