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Instrument Details

ISIN: INE697W08014

Face value

₹10,000

Coupon rate

RESET RATE(REFER REMARKS)

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

350

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

09 Feb 2017

Maturity Date

02 Aug 2037

Perpetual

Yes

Listing Status

Listed

Rating status

BBB- (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 1

Guarantee Type

Non Convertible

About this Bond

WESTERLY RETAIL PRIVATE LIMITED RR NCD 08FB37 FVRS10000
Westerly Retail Private Limited, a Utilities company, has floated Debenture, having ISIN value as INE697W08014, with a face value of ₹10,000 rs on 09Feb17 to raise 350 crores. The debt instrument is issued with a coupon rate of RESET RATE(REFER REMARKS) 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 RESET RATE UNSECURED RATED LISTED REDEEMABEL NON CONVERTIBLE DEBENTURES.SERIES A (TO BE ISSUED IN ONE OR MORE TRANCHES). DATE OF MATURITY 08/02/2037. 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 23Feb17. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given BBB- rating to this Debenture on 03Feb17. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB-
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Date Verified
28 Feb 2017
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Outlook
-
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Seniority in Repayment
Subordinate Tier 1
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

RESET RATE(REFER REMARKS)

Returns

Linked to Markets

Bond Rating

BBB-

Seniority in Repayment

Subordinate Tier 1

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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FAQs about INE697W08014 issued by Westerly Retail Private Limited

The instrument name of INE697W08014 ISIN is WESTERLY RETAIL PRIVATE LIMITED RR NCD 08FB37 FVRS10000.
The interest earned from INE697W08014 bond issued by Westerly Retail Private Limited is paid Annually, ensuring regular and consistent income for investors.
This INE697W08014 bond issued by Westerly Retail Private Limited has been assigned a credit rating of BBB- by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE697W08014 bond issued by Westerly Retail Private Limited is RESET RATE(REFER REMARKS).
The INE697W08014 Debenture is issued by Westerly Retail Private Limited, a Private Sector company.
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