Indospace Bommasandra Logistics Park Private Limited
ACTIVE
ISIN: INE744W07016
Issuer Details
Issuer Name
INDOSPACE BOMMASANDRA LOGIST...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
Repo Rate%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45400MH2012PTC230186
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
RESET RATE SECURED RATED UNL...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
20.27
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
10-11-2023
Redemption Date
28-09-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal
Asset Percentage
328%
Details of Asset Cover
Non disposal undertaking of 21% of equity share capital of each of the Restricted Group held by the respective Parent Entities (including convertible securities), on a fully diluted basis Shortfall undertaking from the members of the Restricted Group, Corporate Guarantee for debt service inter se among Issuers.
Asset Type
Details of the security
Tangible Assets
As mentioned in detail under Movable Assets and Immovable Assets above
Others, Please Specify
Non disposal undertaking of 21% of equity share capital of each of the Restricted Group held by the respective Parent Entities (including convertible securities), on a fully diluted basis Shortfall undertaking from the members of the Restricted Group, Corporate Guarantee for debt service inter se among Issuers.
Trust & Retention Account /Escrow Accounts
First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest, as the case may be, on all bank accounts of the Restricted Group including but not limited to escrow collection account (including its sub accounts) relating to secured assets First ranking sole and exclusive charge over the debt service reserve account (if kept in the form of cash)
Current Assets
First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest, as the case may be, on the entire cash flows, permitted investments, receivables, book debts, revenues from the mortgaged immoveable properties of Restricted Group whatsoever nature and wherever arising, both present and future.
Movable Asset
First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest, as the case may be, on the inter company loans advanced by the Issuer to other issuers and/or subsidiaries and any sponsor loans advanced by Indospcae Logistics Parks Core Pte. Ltd (Sponsor) , ILP Core Ventures I Pte. Ltd., ILP Core Ventures II Pte. Ltd., ILP Core Ventures III Pte. Ltd., ILP Core Ventures IV Pte. Ltd. and ILP Core Ventures V Pte. Ltd.
Movable Asset
collectively, the Parent Entities) from the proceeds of the Debentures.
Others, Please Specify
First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest, as the case may be, on all the rights, title, interest, benefits, claims and demands whatsoever of the Restricted Group in the clearances of mortgaged immoveable properties. First ranking pari passu pledge of 30% of equity share capital of each of the Restricted Group held by the respective Parent Entities (including convertible securities), on a fully diluted basis
Immovable Assets
First ranking pari passu mortgage on the immoveable properties held by the Issuer and the Group Companies (collectively referred to as the Restricted Group) together with all buildings, erections, constructions, permanently fastened fixtures and fittings thereto, as more fully described in the Mortgaged Documents (Mortgage Properties)
Movable Asset
First ranking pari passu charge by way of hypothecation / mortgage / assignment or creation of other security interest, as the case may be, on all the rights, title, interest, benefits, claims and demands whatsoever on the project documents of Mortgaged Properties, duly consented to by the relevant counterparties to such project documents (if applicable), all as amended, varied or supplemented from time to time
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About Indospace Bommasandra Logistics Park Private Limited bond with ISIN: INE744W07016
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 INE744W07016, represents a significant financial instrument. Issued by INDOSPACE BOMMASANDRA LOGISTICS PARK PRIVATE LIMITED, it comes with the following description: "RESET RATE SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 1 DATE OF MATURITY 28/09/2028.". 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, INDOSPACE BOMMASANDRA LOGISTICS PARK 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) U45400MH2012PTC230186 further bolster its credibility. With a coupon rate of Repo Rate, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 20.27. It was allotted on 11/10/2023 and is scheduled for redemption on 9/28/2028. 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 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: Non disposal undertaking of 21% of equity share capital of each of the Restricted Group held by the respective Parent Entities (including convertible securities), on a fully diluted basis Shortfall undertaking from the members of the Restricted Group, Corporate Guarantee for debt service inter se among Issuers. – 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 ICRA LIMITED_06-02-2024, 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 INE744W08014 having a coupon rate of 14% and the bond with ISIN INE744W08022 having a coupon rate of 14%. 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.