Fourth Partner Energy Private Limited
ACTIVE
ISIN: INE00S407119
Issuer Details
Issuer Name
FOURTH PARTNER ENERGY PRIVAT...
Type of Issuer
Non PSU
Sector
Power
Coupon Rate
8%
Industry
Power
Issuer nature
Other
Corporate Identity Number (CIN)
U40108TG2010PTC070806
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
8% SECURED UNRATED UNLISTED ...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
50
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
12-09-2024
Redemption Date
21-09-2025
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
The debentures shall be collateralised in accordance with the terms of the DTD as defined below by way of a first ranking pari passu and continuing charge to be created by the Company over 100% of the fully paid up equity shares that the Company holds in FP Solwave Energy Limited
Asset Type
Details of the security
Others, Please Specify
The Company shall create such other security interest contractual comfort as may be agreed between the Company and the Debenture Holders in writing
Others, Please Specify
The Debentures shall be collateralised on or prior to the expiry of 30 days from the Deemed Date of Allotment by way of a first ranking exclusive and continuing charge to be created by the Company over the debt service reserve account to be created by the Company in accordance with the terms of the debenture trust deed to be entered into between the Company and the debenture trustee
Others, Please Specify
The Company shall ensure that the value of the Hypothecated Assets is, commencing from the Initial Security Creation Date, at least 1 times the value of the outstanding amounts The term Deemed Date of Allotment means September 12 2024
Others, Please Specify
The debentures shall be collateralised in accordance with the terms of the DTD as defined below by way of a first ranking pari passu and continuing charge to be created by the Company over 100% of the fully paid up equity shares that the Company holds in FP Solwave Energy Limited
Others, Please Specify
The Debentures shall be collateralised on or prior to the expiry of 5 business days from the Deemed Date of Allotment by way of a first ranking exclusive and continuing charge to be created pursuant to an unattested deed of hypothecation over the receivables of the loans that are provided by the Company to FP Solwave Energy Limited from the proceeds of the issue of the Debentures
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About Fourth Partner Energy Private Limited bond with ISIN: INE00S407119
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 INE00S407119, represents a significant financial instrument. Issued by FOURTH PARTNER ENERGY PRIVATE LIMITED, it comes with the following description: "8% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 21/09/2025.". 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, FOURTH PARTNER ENERGY 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) U40108TG2010PTC070806 further bolster its credibility. With a coupon rate of 8, 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 100000 with an issue size of 50. It was allotted on 9/12/2024 and is scheduled for redemption on 9/21/2025. 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: The debentures shall be collateralised in accordance with the terms of the DTD as defined below by way of a first ranking pari passu and continuing charge to be created by the Company over 100% of the fully paid up equity shares that the Company holds in FP Solwave Energy Limited – 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 INE00S407093 having a coupon rate of 9.7% and the bond with ISIN INE00S407085 having a coupon rate of 9.7% and the bond with ISIN INE00S407051 having a coupon rate of RESET RATE -FOR THE PERIOD COMMENCING ON THE FIRST DEEMED DATE OF ALLOTMENT AND ENDING ON THE SECOND ANNIVERSARY OF THE FIRST DEEMED DATE OF ALLOTMENT- AN INTEREST RATE OF 4% PER ANNUM, FOR THE PERIOD and the bond with ISIN INE00S407028 having a coupon rate of RESET RATE (REFER REMARK). 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.