Hero Wind Energy Private Limited
INACTIVE
ISIN: INE918T07087
Issuer Details
Issuer Name
HERO WIND ENERGY PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Power
Coupon Rate
10.50%
Industry
Power
Issuer nature
Other
Corporate Identity Number (CIN)
U40300DL2013PTC251839
Name of the Lead Manager
BARCLAYS BANK PLC
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
10.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
75
Category of Instrument
-
Allotment Date
03-12-2021
Redemption Date
27-12-2022
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
ALL RECEIVABLES AND ANY OTHER AMOUNTS RECEIVED OR RECEIVABLE BY THE ISSUER/COMPANY IN CONNECTION WITH THE LOANS ADVANCED BY THE ISSUER/COMPANY TO CLEAN WIND POWER (BHAVNAGAR) PRIVATE LIMITED TO THE EXTENT OF RS. 32 CRORES SO AS TO MAINTAIN SECURITY COVER (ALONG WITH ALL OTHER SECURITY) AT ALL TIMES TILL THE FINAL SETTLEMENT, FOR MORE DETAILS PLEASE CONTACT TO ISUSER.
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About Hero Wind Energy Private Limited bond with ISIN: INE918T07087
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 INE918T07087, represents a significant financial instrument. Issued by HERO WIND ENERGY PRIVATE LIMITED, it comes with the following description: "10.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.LETER OF MALLOTMENT.DATE OF MATURITY 27/12/2022". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, HERO WIND 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) U40300DL2013PTC251839 further bolster its credibility. With a coupon rate of 10.50%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 75. It was allotted on 12/3/2021 and is scheduled for redemption on 12/27/2022. Categorized under "-" 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: ALL RECEIVABLES AND ANY OTHER AMOUNTS RECEIVED OR RECEIVABLE BY THE ISSUER/COMPANY IN CONNECTION WITH THE LOANS ADVANCED BY THE ISSUER/COMPANY TO CLEAN WIND POWER (BHAVNAGAR) PRIVATE LIMITED TO THE EXTENT OF RS. 32 CRORES SO AS TO MAINTAIN SECURITY COVER (ALONG WITH ALL OTHER SECURITY) AT ALL TIMES TILL THE FINAL SETTLEMENT, FOR MORE DETAILS PLEASE CONTACT TO ISUSER. – 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 ISIN_AllotmentConfirmation_CA06122021_1. 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 INE918T07061 having a coupon rate of RUPEE FIXED BASE RATE PLUS SPREAD,REFER REMARKS and the bond with ISIN INE918T07079 having a coupon rate of 10.5% and the bond with ISIN INE918T07095 having a coupon rate of GSEC LINKED and the bond with ISIN INE918T07145 having a coupon rate of 9.6%. 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.