Berthview Properties Private Limited
ACTIVE
ISIN: INE0LEF07031
Issuer Details
Issuer Name
BERTHVIEW PROPERTIES PRIVATE...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
14.05%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U70109MH2021PTC361231
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
14.05% SECURED UNRATED UNLIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
90
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
31-10-2023
Redemption Date
31-03-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
200%
Details of Asset Cover
First & exclusive charge by way of registered mortgage over the development rights, FSI, buildings, other under construction areas of the Project along with necessary intimation to SRA
Asset Type
Details of the security
Others, Please Specify
Personal guarantee of the Promoters
Others, Please Specify
Personal guarantee of the Promoters
Others, Please Specify
Pledge/charge of 100% shareholding of the Issuer in demat form
Book Debts / Receivables
First & exclusive charge by way of hypothecation of entire cashflows including receivables from booked / sold area and future sales of the Project
Others, Please Specify
Financial Indemnity from the Developer
Others, Please Specify
First & exclusive charge by way of registered mortgage over the development rights, FSI, buildings, other under construction areas of the Project along with necessary intimation to SRA
Immovable Assets
Sho
Others, Please Specify
Demand promissory note from the Issuer, Developer and the Promoters
Others, Please Specify
Financial Indemnity from the Developer
Others, Please Specify
Shortfall undertaking from the Developer and the Promoters for any actual or projected cost over runs compared to Cost to Complete specified above and / or any taxes if payable during the tenure of the Debentures
Others, Please Specify
First & exclusive charge by way of registered mortgage over the development rights, FSI, buildings, other under construction areas of the Project along with necessary intimation to SRA
Immovable Assets
First & exclusive charge by way of registered mortgage over present and future sold and unsold flats of the Project (excluding residential and commercial area reserved for settlements)
Others, Please Specify
Shortfall undertaking from the Developer and the Promoters for any actual or projected cost over runs compared to Cost to Complete specified above and / or any taxes if payable during the tenure of the Debentures
Others, Please Specify
Charge over 100% of the partners interest in the Developer
Others, Please Specify
Charge over 100% of the partners interest in the Developer
Immovable Assets
First & exclusive charge by way of registered mortgage over present and future sold and unsold flats of the Project (excluding residential and commercial area reserved for settlements
Others, Please Specify
Demand promissory note from the Issuer, Developer and the Promoters
Others, Please Specify
First & exclusive charge by way of registered mortgage over the development rights, FSI, buildings, other under construction areas of the Project along with necessary intimation to SRA
Book Debts / Receivables
First & exclusive charge by way of hypothecation of entire cashflows including receivables from booked / sold area and future sales of the Project
Others, Please Specify
Pledge/charge of 100% shareholding of the Issuer in demat form
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About Berthview Properties Private Limited bond with ISIN: INE0LEF07031
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 INE0LEF07031, represents a significant financial instrument. Issued by BERTHVIEW PROPERTIES PRIVATE LIMITED, it comes with the following description: "14.05% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 31/03/2028.". 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, BERTHVIEW PROPERTIES 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) U70109MH2021PTC361231 further bolster its credibility. With a coupon rate of 14.05, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 90. It was allotted on 10/31/2023 and is scheduled for redemption on 3/31/2028. 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 & exclusive charge by way of registered mortgage over the development rights, FSI, buildings, other under construction areas of the Project along with necessary intimation to SRA – 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.