Capfloat Financial Services Private Limited

About Capfloat Financial Services Private Limited bond with ISIN: INE491W07535

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 INE491W07535, represents a significant financial instrument. Issued by CAPFLOAT FINANCIAL SERVICES PRIVATE LIMITED, it comes with the following description: "13.50% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES SD 20 DATE OF MATURITY 28/09/2026.". 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, CAPFLOAT FINANCIAL SERVICES 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) U65993KA1993PTC074590 further bolster its credibility. With a coupon rate of 13.5, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED 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 1000000 with an issue size of 40. It was allotted on 8/26/2024 and is scheduled for redemption on 9/28/2026. 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 BBB as provided by INDIA RATING AND RESEARCH PVT. LTD. 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 Debentures shall be secured by way of a first ranking, exclusive and continuing charge on identified receivables Hypothecated Receivables created pursuant to the deed of hypothecation to be executed between the Company and the Debenture Trustee as described herein. The Hypothecated Receivables shall at all times be equal to the value of the outstanding principal amount of the Debentures. The Issuer undertakes: To maintain the value of security at all times equal to 1.20x One decimal point – 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 INE491W07303 having a coupon rate of 12.5% and the bond with ISIN INE491W07337 having a coupon rate of 12.5% and the bond with ISIN INE491W07378 having a coupon rate of 12.5% and the bond with ISIN INE491W07352 having a coupon rate of 12.5%. 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.