Essar Power Gujarat Limited
ACTIVE
ISIN: INE718J07025
Issuer Details
Issuer Name
ESSAR POWER GUJARAT LIMITED
Type of Issuer
Non PSU
Sector
Power
Coupon Rate
20.5%
Industry
Power
Issuer nature
-
Corporate Identity Number (CIN)
U74900GJ2007PLC066273
Name of the Lead Manager
-
Registrar
DSRC Limited
Name of Debenture Trustee
Mitcon Trusteeship Services ...
Instrument Details
Instrument name as on NSDL
20.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
150
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
20-09-2023
Redemption Date
09-03-2027
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 charge ranking pari passu with the Existing Encumbrance, by way of mortgage over the Lonavala Mortgaged Property
Asset Type
Details of the security
Immovable Assets
first charge ranking pari passu with the Existing Encumbrance by way of mortgage over the EPGL Mortgaged Property
Immovable Assets
first charge ranking pari passu with the Existing Encumbrance, by way of mortgage over Essar House Mortgaged Property
Immovable Assets
first charge ranking pari passu with the Existing Encumbrance, by way of mortgage over the Lonavala Mortgaged Property
Immovable Assets
first charge ranking pari passu with the Existing Encumbrance, by way of mortgage over Old Ruia House Mortgaged Property
Movable Asset
first charge ranking pari passu with the Existing Encumbrance, by way of pledge over the Pledged Securities
Movable Asset
first charge ranking pari passu with the Existing Encumbrance and the Permitted Security Interest, by way of hypothecation over the EPGL Hypothecated Property
Movable Asset
first ranking exclusive charge by way of pledge over the AVPL OCDs, in accordance with the AVPL Share Pledge Agreement
Immovable Assets
first charge ranking pari passu with the Existing Encumbrance, by way of mortgage over Goa Mortgaged Property
Movable Asset
first charge ranking pari passu with the Existing Encumbrance, by way of hypothecation over the Hypothecated Properties
Movable Asset
first charge ranking pari passu with the Existing Encumbrance, by way of pledge over the EPGL Pledged Securities
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About Essar Power Gujarat Limited bond with ISIN: INE718J07025
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 INE718J07025, represents a significant financial instrument. Issued by ESSAR POWER GUJARAT LIMITED, it comes with the following description: "20.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 09/03/2027". 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, ESSAR POWER GUJARAT LIMITED, classified as N/A, 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) U74900GJ2007PLC066273 further bolster its credibility. With a coupon rate of 20.5, this instrument has been meticulously managed with the assistance of DSRC Limited and under the oversight of Mitcon Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 150. It was allotted on 9/20/2023 and is scheduled for redemption on 3/9/2027. 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 charge ranking pari passu with the Existing Encumbrance, by way of mortgage over the Lonavala Mortgaged Property – 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 INE718J08015 having a coupon rate of N/A and the bond with ISIN INE718J07017 having a coupon rate of 20.5%. 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.