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  1. Home
  2. Adani Airport Holdin...

Adani Airport Holdings Limited

ACTIVE

ISIN: INE0GCN07021

Issuer Details

Instrument Details

Security Measures

Cash Flow Schedule

Credit Rating Details

Listing Details

Key Documents

Issuer Details


Issuer Name

ADANI AIRPORT HOLDINGS LIMIT...

Type of Issuer

Non PSU

Sector

Services

Coupon Rate

9.95%

Industry

Transport Infrastructure

Issuer nature

Other

Corporate Identity Number (CIN)

U62100GJ2019PLC109395

Name of the Lead Manager

-

Registrar

Link Intime India Private Li...

Name of Debenture Trustee

Catalyst Trusteeship Limited...

Instrument Details


Instrument name as on NSDL

9.95% SECURED RATED LISTED R...

Face Value (in ₹)

100000

Total Issue size( in ₹ Cr.)

75

Category of Instrument

PLAIN VANILLA DEBENTURES

Allotment Date

14-03-2024

Redemption Date

15-03-2027

Whether Secured or Unsecured

Secured

Put Option Date

-

Call Option Date

-

Seniority in Repayment

Senior

Security Measures


Asset Coverage

Principal + Interest

Asset Percentage

100%

Details of Asset Cover

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 the equity interest compulsory convertible debentures, non convertible debentures held by respective shareholders

Sr No.

Asset Type

Details of the security

1

Others, Please Specify

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

2

Book Debts / Receivables

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 charge on the receivable under the non convertible debentures issued by each restricted company and subscribe to by the company and first pari passu change over all the receivable under the compulsory convertible debentures issued by each restricted company and subscribe to by the company

3

Non-Current Investments

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 the equity interest compulsory convertible debentures, non convertible debentures held by respective shareholders

4

Non-Current Investments

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 charge over all the unsecured subordinated debt extended by the Company to each Restricted Company, including but not limited to the Airport ICDs and the Restricted Company Subordinated Debt, and all receivables of the Company thereunder

5

Movable Asset

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 charge on all movable assets, accounts, cashflows, revenues and book debts and insurance receivables of the Company

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.

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ADANI AIRPORT HOLDINGS LIMITED

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Coupon Rate

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Face Value (in ₹)

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ADANI AIRPORT HOLDINGS LIMITED

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Coupon Rate

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Face Value (in ₹)

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ADANI AIRPORT HOLDINGS LIMITED

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Face Value (in ₹)

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ADANI AIRPORT HOLDINGS LIMITED

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Face Value (in ₹)

100


About Adani Airport Holdings Limited bond with ISIN: INE0GCN07021

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 INE0GCN07021, represents a significant financial instrument. Issued by ADANI AIRPORT HOLDINGS LIMITED, it comes with the following description: "9.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES 1 DATE OF MATURITY 15/03/2027". 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, 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 9.95, 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 3/15/2027. 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. 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 the equity interest compulsory convertible debentures, non convertible debentures held by respective shareholders – 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 INE0GCN07013 having a coupon rate of 10% and the bond with ISIN INE0GCN07039 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.

Disclaimer: The facts and information on this page are for information and awareness purposes only. No information provided here is intended towards any specific user and should not be construed as investment advice or a recommendation of any kind whatsoever. You are requested to consult with your professional investment advisor or tax advisor for specific directions on any investments in any securities including the bonds mentioned on this page before making any investment decision. Tap Bonds shall not be liable for any losses incurred by you based on an investment decision utilising the information.
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