Ifci Limited

About Ifci Limited bond with ISIN: INE039A07801

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 INE039A07801, represents a significant financial instrument. Issued by IFCI LIMITED, it comes with the following description: "9.90% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES 1. SERIES VI. LETTER OF ALLOTMENT. DATE OF MATURITY 01/12/2024". 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, IFCI 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) L74899DL1993PLC053677 further bolster its credibility. With a coupon rate of 9.9%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 606.1652. It was allotted on 12/1/2014 and is scheduled for redemption on 12/1/2024. Categorized under "N/A" 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 B+ as provided by ICRA LIMITED. In the market, ratings typically range from D to AAA, and a rating of B+ 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: PARI PASSU FLOATING FIRST CHARGE ON RECEIVABLES OF THE CO. (OTHER THAN LEIN RECEIVABLES) WITH AN ASSET COVER OF ONE TIME OF THE TOTAL OUTSTANDING AMOUNT OF NVD AND INTEREST THEREON AT ANY POINT OF TIME – 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 Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, ICRA LIMITED_28-05-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_07-11-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_10-11-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_04-10-2022, ICRA LIMITED_29-05-2023. 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 INE039A07819 having a coupon rate of NA and the bond with ISIN INE039A09NM1 having a coupon rate of 10.75% and the bond with ISIN INE039A09OG1 having a coupon rate of 9.16% and the bond with ISIN INE039A09MC4 having a coupon rate of 9.75%. 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.