Indian Renewable Energy Development Agency Limited

About Indian Renewable Energy Development Agency Limited bond with ISIN: INE202E07153

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 INE202E07153, represents a significant financial instrument. Issued by INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, it comes with the following description: "8.80% SECURED REDEEMABLE NON-CONVERTIBLE BONDS. . TRANCHE I. SERIES IIIB. LETTER OF ALLOTMENT. DATE OF MATURITY 13/03/2034". 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, INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED, classified as Public Sector Undertaking (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) U65100DL1987GOI027265 further bolster its credibility. With a coupon rate of 8.8%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of SBICAP TRUSTEE COMPANY LIMITED, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 144.1642. It was allotted on 3/13/2014 and is scheduled for redemption on 3/13/2034. 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 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: HYPOTHECATION OF BOOK DEBTS – 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_08-05-2024, CARE Ratings Limited_24-06-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_22-02-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_29-01-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_28-07-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_29-06-2022, BRICKWORK RATINGS INDIA PRIVATE LIMITED_10-12-2021, BRICKWORK RATINGS INDIA PRIVATE LIMITED_03-12-2021, BRICKWORK RATINGS INDIA PRIVATE LIMITED_25-11-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_05-06-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_04-05-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_13-03-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_27-02-2020, CARE Ratings Limited_05-04-2024, CARE Ratings Limited_09-06-2023, CARE Ratings Limited_31-12-2022, CARE Ratings Limited_25-07-2022, CARE Ratings Limited_01-07-2022. 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 INE202E08128 having a coupon rate of 7.63% and the bond with ISIN INE202E07138 having a coupon rate of 8.8% and the bond with ISIN INE202E08185 having a coupon rate of 7.57% and the bond with ISIN INE202E08144 having a coupon rate of 7.68%. 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.