Bangalore International Airport Ltd
ACTIVE
ISIN: INE888G07113
Issuer Details
Issuer Name
BANGALORE INTERNATIONAL AIRP...
Type of Issuer
Non PSU
Sector
Services
Coupon Rate
FIMMDA 10yrAAACorporateBond%
Industry
Transport Infrastructure
Issuer nature
-
Corporate Identity Number (CIN)
U45203KA2001PLC028418
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
SBICAP Trustee Company Limit...
Instrument Details
Instrument name as on NSDL
RESET RATE SECURED RATED UNL...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
4362
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
18-07-2025
Redemption Date
18-07-2040
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
Same as Movable Asset
Asset Type
Details of the security
Current Assets
Same as Movable Asset
Book Debts / Receivables
All the revenues and receivables of the Issuer.
Immovable Assets
All the Issuers immoveable properties whether on leasehold basis or otherwise, both present and future, including leasehold rights of the Issuer on the land admeasuring 3565 three thousand five hundred and sixty five acres situated in various survey numbers at Udayagiri, Doddasanne Yarthiganahalli Anneshwara Arasinakunta Gangamuthanahalli, Bettakote, Chikkanahalli, Mylanahalli, Begur, in the state of Karnataka total land area 4008 acres less land for real estate development 443 acres
Trust & Retention Account /Escrow Accounts
All the Issuers accounts and each of the other accounts required to be created by the Issuer pursuant to the debenture documents and, including in each case, all monies lying credited deposited into such accounts
Intangible Assets
All the rights of the Issuer under each of the Project Documents
Movable Asset
All the Issuers movable properties, both present and future, including plant and machinery, machine spares, tools and accessories and other movable assets, other than the shares held by the Issuer in its subsidiary companies, joint ventures and associate companies, both present and future
Others, Please Specify
Debt Service Reserve Account charged exclusively to Debenture Trustee for the benefit of NCD holders covering next 6 months interest and principal repayment on the NCDs. Debt Service Reserve Account can either be maintained in the form of cash or bank guarantee BG draft acceptable to the bank from an acceptable financial institution. 5.Each letter of credit bank guarantee or performance bond that may be posted by any party to a Project Document for the Issuers benefit
Others, Please Specify
To the extent permitted therein, licenses, permits, approvals, assignments, concessions, easements and consents in respect of the Project required to be in the Issuers name 2 All insurance contracts, contractors guarantees and liquidated damages payable by the contractors 3 All the insurance policies relating to the Project
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About Bangalore International Airport Ltd bond with ISIN: INE888G07113
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 INE888G07113, represents a significant financial instrument. Issued by BANGALORE INTERNATIONAL AIRPORT LTD, it comes with the following description: "RESET RATE SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES III2040 DATE OF MATURITY 18/07/2040". 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, BANGALORE INTERNATIONAL AIRPORT LTD, classified as N/A, 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) U45203KA2001PLC028418 further bolster its credibility. With a coupon rate of FIMMDA 10yrAAACorporateBond, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of SBICAP Trustee Company Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 4362. It was allotted on 7/18/2025 and is scheduled for redemption on 7/18/2040. 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 AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA 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: Same as Movable Asset – 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 CRISIL RATINGS LIMITED_-, ICRA LIMITED_-. 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 INE888G07014 having a coupon rate of 8.35% and the bond with ISIN INE888G07071 having a coupon rate of 8.35% and the bond with ISIN INE888G07048 having a coupon rate of 8.35% and the bond with ISIN INE888G07022 having a coupon rate of 8.35%. 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.