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Instrument Details

ISIN: INE191B08020

Face value

₹10,00,000

Coupon rate

7.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

40

Instrument Type

Debenture

Returns

Medium

Date of Issue

09 Jul 2021

Maturity Date

07 Sep 2036

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

WELSPUN CORP LIMITED 7.90 LOA 09JL36 FVRS10LAC
Welspun Corp Limited, a Iron & Steel Products company, has floated Debenture, having ISIN value as INE191B08020, with a face value of ₹10,00,000 rs on 09Jul21 to raise 40 crores. The debt instrument is issued with a coupon rate of 7.90% 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 7.90% UNSECURED LISTED RATED NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT.DATE OF MATURITY 09/07/2036. 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 12Jul21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 30Jun21. This issuer is formerly known as WELSPUN GUJARAT STAHL ROHREN LTD. 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
14 Feb 2024
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Outlook
Positive
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Seniority in Repayment
None
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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
09-Jul-21 : Your investment
₹79,00,000
09-Jul-22 : Interest
₹79,00,000
09-Jul-23 : Interest
₹79,00,000
09-Jul-24 : Interest
₹79,00,000
09-Jul-25 : Interest
₹79,00,000
09-Jul-26 : Interest
₹79,00,000
09-Jul-27 : Interest
₹79,00,000
09-Jul-28 : Interest
₹79,00,000
09-Jul-29 : Interest
₹79,00,000
09-Jul-30 : Interest
₹79,00,000
09-Jul-31 : Interest
₹79,00,000
09-Jul-32 : Interest
₹79,00,000
09-Jul-33 : Interest
₹79,00,000
09-Jul-34 : Interest
₹79,00,000
09-Jul-35 : Interest
₹79,00,000
09-Jul-36 : Interest
₹21,85,00,000
07-Sep-36 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,85,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.90%

Returns

Medium

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Iron & Steel Products
Head Office
HEAD OFFICE
Kutch
Sector name
SECTOR
Capital Goods
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE191B08020 issued by Welspun Corp Limited

The instrument name of INE191B08020 ISIN is WELSPUN CORP LIMITED 7.90 LOA 09JL36 FVRS10LAC.
The interest earned from INE191B08020 bond issued by Welspun Corp Limited is paid Annually, ensuring regular and consistent income for investors.
This INE191B08020 bond issued by Welspun Corp 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 7.9%, which determines the periodic interest payments made to bondholders.
The INE191B08020 Debenture is issued by Welspun Corp Limited, a Private Sector company.
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