Instrument Details

ISIN: INE813H07242

Face value

₹10,00,000

Coupon rate

8.55%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

02 Jun 2022

Maturity Date

06 Feb 2031

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

TORRENT POWER LIMITED SR 10C 8.55 NCD 02JU31 FVRS10LAC
Torrent Power Limited, a Electric Utilities company, has floated Debenture, having ISIN value as INE813H07242, with a face value of ₹10,00,000 rs on 02Jun22 to raise 50 crores. The debt instrument is issued with a coupon rate of 8.55% 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 8.55% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 10C. DATE OF MATURITY 02/06/2031.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 20May22. This issuer is formerly known as TORRENT POWER TRADING PVT. 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
AA
High Safety
AA+
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Date Verified
03 Jun 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
02-Jun-22 : Your investment
₹85,50,000
02-Jun-23 : Interest
₹85,50,000
02-Jun-24 : Interest
₹85,50,000
02-Jun-25 : Interest
₹85,50,000
02-Jun-26 : Interest
₹85,50,000
02-Jun-27 : Interest
₹85,50,000
02-Jun-28 : Interest
₹85,50,000
02-Jun-29 : Interest
₹85,50,000
02-Jun-30 : Interest
₹58,79,589
06-Feb-31 : Interest
₹17,42,79,589
06-Feb-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,42,79,589)

Summary

Instrument Attributes

Value

Coupon Rate

8.55%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Electric Utilities
Head Office
HEAD OFFICE
Ahmedabad
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE813H07242 issued by Torrent Power Limited

The instrument name of INE813H07242 ISIN is TORRENT POWER LIMITED SR 10C 8.55 NCD 02JU31 FVRS10LAC.
The interest earned from INE813H07242 bond issued by Torrent Power Limited is paid Annually, ensuring regular and consistent income for investors.
This INE813H07242 bond issued by Torrent Power 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 8.55%, which determines the periodic interest payments made to bondholders.
The INE813H07242 Debenture is issued by Torrent Power Limited, a Private Sector company.