Adani Airport Holdings Limited

About Adani Airport Holdings Limited bond with ISIN: INE0GCN07013

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 INE0GCN07013, represents a significant financial instrument. Issued by ADANI AIRPORT HOLDINGS LIMITED, it comes with the following description: "10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIS II DATE OF MATURITY 14/03/2029". 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, ADANI AIRPORT HOLDINGS 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) U62100GJ2019PLC109395 further bolster its credibility. With a coupon rate of 10, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 75. It was allotted on 3/14/2024 and is scheduled for redemption on 3/14/2029. 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. The bond carries a credit rating of A+ as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of A+ is generally considered to be on the riskier end of the spectrum. 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: The principal amount of the NCDs together with all interest due and payable on the NCDs thereof shall besecured by way of a pari passu pledge over all the rights, title, interest, benefits, claims, and demands of the Company in the Shareholders Framework Agreement, the Restricted Company Subordinated Debt Documents, the Airport NCD Documents, the Airport ICD Documents and the Airport CCD Documents – 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. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CRISIL RATINGS LIMITED_30-08-2024, INDIA RATING AND RESEARCH PVT. LTD_23-09-2024, CRISIL RATINGS LIMITED_-, INDIA RATING AND RESEARCH PVT. LTD_13-09-2024. 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 INE0GCN07047 having a coupon rate of 9.35% and the bond with ISIN INE0GCN07039 having a coupon rate of 9.95% and the bond with ISIN INE0GCN07021 having a coupon rate of 9.95% and the bond with ISIN INE0GCN08011 having a coupon rate of 6M LIBOR + 400 BPS. 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.