Berar Finance Limited

About Berar Finance Limited bond with ISIN: INE998Y07089

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 INE998Y07089, represents a significant financial instrument. Issued by BERAR FINANCE LIMITED, it comes with the following description: "RESET RATE SECURED SENIOR RATED LISTED TRANSFERABLE REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 05/02/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, BERAR FINANCE 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) U65929MH1990PLC057829 further bolster its credibility. With a coupon rate of RESET RATE, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 500000 with an issue size of 34. It was allotted on 3/24/2021 and is scheduled for redemption on 2/5/2025. Categorized under "N/A" 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 BBB as provided by ICRA LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB 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 DEBENTURE SHALL BE COLLATERALISED ON OR PRIOR TO THE INITIAL SECURITY CREATION DATE BY WAY OF A FIRST RANKING EXCLUSIVE AND CONTINUING CHARGE TO BE CREATED PURSUANT TO THE DEED OF HYPOTHECATION OVER CERTAIN IDENTIFIED BOOK/DEBT LOAN RECEIVABLES OF THE ISSUER AND SUCH OTHER SECURITY INTEREST OR CONTRACTUAL COMFORT AS MAY BE AGREED BETWEEN THE ISSUER AND THE DEBENTURE HOLDERS FOR MORE DETAILS CONTACT ISSUER. – 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, ICRA LIMITED_07-12-2023, CARE Ratings Limited_29-08-2024, CARE Ratings Limited_30-08-2023, ICRA LIMITED_02-05-2023, ICRA LIMITED_02-05-2023, ICRA LIMITED_27-10-2022. 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 INE998Y07170 having a coupon rate of N/A and the bond with ISIN INE998Y07139 having a coupon rate of 11.5% and the bond with ISIN INE998Y07147 having a coupon rate of 11.65% and the bond with ISIN INE998Y07162 having a coupon rate of N/A. 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.