Casagrand Fresh Private Limited
ACTIVE
ISIN: INE0NHU07021
Issuer Details
Issuer Name
CASAGRAND FRESH PRIVATE LIMI...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
10%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U70109TN2021PTC142814
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
10% SECURED UNRATED UNLISTED...
Face Value (in ₹)
5000000
Total Issue size( in ₹ Cr.)
160
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
11-05-2023
Redemption Date
30-04-2027
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
First ranking charge by way of mortgage by deposit of title deeds (and registration thereof) on the Companys entire right, title and interest (a) on land admeasuring 6.37 Acres situated in Kelambakkam village, Chennai (Project 1 Land) over which the residential apartment project is proposed to be developed by the Company ( Project 1) (b) over the entire saleable area in the Project 1 (c) over the Companys entire rights, title, interest, etc. over the Project 1 (Project 1 Mortgaged Property) F
Asset Type
Details of the security
Movable Asset
First ranking charge by way of hypothecation over the hypothecated property in respect of the Companys entire right, title and interest in the Project 1, receivables arising therefrom, together with all and any interest accruing in respect thereof, escrow accounts, construction account and other bank accounts of the Company in relation to Project 1 (Project 1 Hypothecated Property) First ranking charge by way of hypothecation over the hypothecated property in respect of the Companys entire righ
Trust & Retention Account /Escrow Accounts
Setting up of the escrow accounts and construction accounts wherein receivables from the Project 1, Project 2 and Project 3 and repayment amounts shall be deposited and first charge by way of hypothecation over the said escrow accounts and construction accounts shall be created
Others, Please Specify
Non disposal undertaking in respect of the 100% share capital of the Company on a fully diluted basis Execution of power of attorney by the Company in favour of Debenture Trustee Corporate guarantee of Casagrand Builder Private Limited Demand promissory note and letter of continuity Such other security as may be required to maintain the minimum security cover, as may be required by the Debenture Trustee and Such other security as may be required by the Debenture Trustee.
Immovable Assets
First ranking charge by way of mortgage by deposit of title deeds (and registration thereof) on the Companys entire right, title and interest (a) on land admeasuring 6.37 Acres situated in Kelambakkam village, Chennai (Project 1 Land) over which the residential apartment project is proposed to be developed by the Company ( Project 1) (b) over the entire saleable area in the Project 1 (c) over the Companys entire rights, title, interest, etc. over the Project 1 (Project 1 Mortgaged Property) F
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.
Similar Bonds
About Casagrand Fresh Private Limited bond with ISIN: INE0NHU07021
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 INE0NHU07021, represents a significant financial instrument. Issued by CASAGRAND FRESH PRIVATE LIMITED, it comes with the following description: "10% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES II DATE OF MATURITY 30/04/2027.". 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, CASAGRAND FRESH 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) U70109TN2021PTC142814 further bolster its credibility. With a coupon rate of 10, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 5000000 with an issue size of 160. It was allotted on 5/11/2023 and is scheduled for redemption on 4/30/2027. 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. 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 ranking charge by way of mortgage by deposit of title deeds (and registration thereof) on the Companys entire right, title and interest (a) on land admeasuring 6.37 Acres situated in Kelambakkam village, Chennai (Project 1 Land) over which the residential apartment project is proposed to be developed by the Company ( Project 1) (b) over the entire saleable area in the Project 1 (c) over the Companys entire rights, title, interest, etc. over the Project 1 (Project 1 Mortgaged Property) F – 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 INE0NHU07013 having a coupon rate of 10%. 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.