A.k.g. Affordable Housing Private Limited
ACTIVE
ISIN: INE0OI407012
Issuer Details
Issuer Name
A.K.G. AFFORDABLE HOUSING PR...
Type of Issuer
Non PSU
Sector
Services
Coupon Rate
12%
Industry
Transport Infrastructure
Issuer nature
Other
Corporate Identity Number (CIN)
U45201RJ2015PTC048508
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
12% SECURED UNRATED UNLISTED...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
27
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
03-04-2023
Redemption Date
03-01-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
First ranking mortgage over the Project land admeasuring 18,307 sq mts
Asset Type
Details of the security
Others, Please Specify
Registration of charges with ROC / Central Registry (CERSAI)
Others, Please Specify
Promissory Notes, as applicable
Others, Please Specify
First Ranking charge on all assets pertaining to the Project including receivables, bank accounts, documents, authorizations pertaining to the Project insurance policies etc.
Others, Please Specify
Personal Guarantee of Mr. Anil Kucchal & Mr. Anuj Kucchal
Others, Please Specify
Undertaking from Promoters of Company to route all sales proceeds and other cashflow from RERA Account and to the Escrow Account (charged in favour of SWAMIH Fund)
Others, Please Specify
First ranking mortgage over the All structures and construction on the Project Land
Others, Please Specify
First ranking mortgage over the Development rights/ FSI of the Project
Others, Please Specify
First ranking mortgage over the Project land admeasuring 18,307 sq mts
Others, Please Specify
First Charge by way of hypothecation over the receivables and all rights of developer over sold units from Project
Others, Please Specify
Percent 100 Share pledge of the Issuer
Others, Please Specify
First ranking charge by way of hypothecation of all the current and non current assets pertaining to the Project
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
Similar Bonds
DHFL INVESTMENTS LIMITED
ISIN: INE005X08018
Coupon Rate
9%
Face Value (in ₹)
1000000
WELSPUN AUNTA-SIMARIA PROJECT PRIVATE LIMITED
ISIN: INE002Z08077
Face Value (in ₹)
100
MJR BUILDERS PRIVATE LIMITED
ISIN: INE0NO807016
Coupon Rate
16%
Face Value (in ₹)
100000
RENEW POWER PRIVATE LIMITED
ISIN: INE003S07247
Coupon Rate
9.3%
Face Value (in ₹)
100000
About A.k.g. Affordable Housing Private Limited bond with ISIN: INE0OI407012
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE0OI407012, represents a significant financial instrument. Issued by A.K.G. AFFORDABLE HOUSING PRIVATE LIMITED, it comes with the following description: "12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 03/01/2027.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, A.K.G. AFFORDABLE HOUSING PRIVATE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U45201RJ2015PTC048508 further bolster its credibility. With a coupon rate of 12, this instrument has been meticulously managed with the assistance of N/A and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 27. It was allotted on 4/3/2023 and is scheduled for redemption on 1/3/2027. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. No credit rating information is available for this bond. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: First ranking mortgage over the Project land admeasuring 18,307 sq mts – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.