Destination Industrial Parks Private Limited

About Destination Industrial Parks Private Limited bond with ISIN: INE052X07012

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 INE052X07012, represents a significant financial instrument. Issued by DESTINATION INDUSTRIAL PARKS PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 1 DATE OF MATURITY 28/09/2028.". 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, DESTINATION INDUSTRIAL PARKS 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) U70200MH2007PTC166936 further bolster its credibility. With a coupon rate of Repo Rate, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 8.37. It was allotted on 11/10/2023 and is scheduled for redemption on 9/28/2028. 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. The bond carries a credit rating of AAA as provided by ICRA 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: First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest as the case may be, on all the rights, title, interest, benefits, claims and demands whatsoever of the Restricted Group in the clearances of mortgaged immoveable properties. First ranking pari passu pledge of 30% of equity share capital of each of the Restricted Group held by the respective Parent Entities (including convertible securities), on a fully diluted basis. – 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 ICRA LIMITED_06-02-2024, 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 INE002A08534 having a coupon rate of 9.05% and 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 INE003L07077 having a coupon rate of 14.25%XIRR AND 7.26 GSEC LINKED. 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.