Indigrid Infrastructure Trust
ACTIVE
ISIN: INE219X07496
Issuer Details
Issuer Name
INDIGRID INFRASTRUCTURE TRUS...
Type of Issuer
Non PSU
Sector
Power
Coupon Rate
-
Industry
Power
Issuer nature
Other
Corporate Identity Number (CIN)
-
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
7.58% SECURED RATED LISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
630
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
27-03-2025
Redemption Date
27-03-2047
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 pari passu charge on all current assets of the Issuer, including loans and advances and any receivables accrued/realized from loans and advances extended by the Issuer to its HoldCos /SPVs. Step in rights on the loan shall be with the Debt Security Trustee. It being understood that loans and advances extended by the Issuer will be subordinate to any senior debt availed or to be availed at the HoldCos/SPVs level.
Asset Type
Details of the security
Others, Please Specify
First pari passu charge on all current assets of the Issuer, including loans and advances and any receivables accrued/realized from loans and advances extended by the Issuer to its HoldCos /SPVs. Step in rights on the loan shall be with the Debt Security Trustee. It being understood that loans and advances extended by the Issuer will be subordinate to any senior debt availed or to be availed at the HoldCos/SPVs level.
Others, Please Specify
First pari passu pledge over i. equity shares to the extent of at least ninety nine percent of the equity share capital of JTCL, MTL, RTCL, PKTCL, NRSS, PTCL, GPTL, JKTPL, ENICL, NER II, ISAP I, ISAP II, OGPTL, Kallam, BDTCL, RSTCPL, KTL, IGL, IGL1 and IGL2, ii. equity shares to the extent of at least Seventy three percent of the equity share capital of PrKTCL
Others, Please Specify
First pari passu charge on all current assets of the IGL, IGL1 and IGL2, including loans and advances and any receivables accrued/realized from loans and advances extended by the IGL, IGL1 and IGL2 to its SPVs. Step in rights with respect to IGL, IGL1 and IGL2 loans shall be with the Debt Security Trustee.
Others, Please Specify
First pari passu charge on the Issuer escrow account, and all its sub accounts including cash trap account but excluding all interest service reserve account / debt service reserve account/ distribution account.
Others, Please Specify
iii. equity shares to the extent of at least ninety nine percent of the equity share capital of TNSEPL, UMD, TKSPL, TRSPL, Solar Edge, TSEC, TSETPL, PLG, USUPL, Globus, TL Patlasi, TL Nagla, TL Gadna, GGEPL iv. equity shares to the extent of at least 65% (sixty five percent) of the equity share capital of TL Sitamauss.
Others, Please Specify
It being understood that loans and advances extended by IGL, IGL1 and IGL2 will be subordinate to any senior debt availed or to be availed at the SPVs level and it is also clarified that IGL, IGL1 and IGL2 can create charge on up to 90 days of their receivables for availing working capital facility.
Others, Please Specify
The Issuer may provide a pledge over a higher number of shares or additional pledge, as an additional security, by intimating the Debt Security Trustee of the same. It is hereby clarified that by virtue of pledge of equity shares of IGL, IGL 1 and IGL 2, the Lenders/Debt Security Holders would not have any recourse or rights against any subsidiaries of IGL, IGL 1 and IGL 2, save and except those subsidiaries whose shares have been provided as a pledge to secure the Debt Securities.
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About Indigrid Infrastructure Trust bond with ISIN: INE219X07496
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 INE219X07496, represents a significant financial instrument. Issued by INDIGRID INFRASTRUCTURE TRUST, it comes with the following description: "7.58% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES AB DATE OF MATURITY 27/03/2047". 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, INDIGRID INFRASTRUCTURE TRUST, 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) N/A further bolster its credibility. With a coupon rate of N/A, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 630. It was allotted on 3/27/2025 and is scheduled for redemption on 3/27/2047. 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. The bond carries a credit rating of AAA as provided by CRISIL RATINGS 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: First pari passu charge on all current assets of the Issuer, including loans and advances and any receivables accrued/realized from loans and advances extended by the Issuer to its HoldCos /SPVs. Step in rights on the loan shall be with the Debt Security Trustee. It being understood that loans and advances extended by the Issuer will be subordinate to any senior debt availed or to be availed at the HoldCos/SPVs level. – 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 CRISIL RATINGS LIMITED_-, ICRA LIMITED_-. 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 INE219X07488 having a coupon rate of N/A and the bond with ISIN INE219X07553 having a coupon rate of 7.345% and the bond with ISIN INE219X07512 having a coupon rate of 7.04% and the bond with ISIN INE219X07470 having a coupon rate of N/A. 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.