Iot Utkal Energy Services Limited
ACTIVE
ISIN: INE310L07969
Issuer Details
Issuer Name
IOT UTKAL ENERGY SERVICES LI...
Type of Issuer
Non PSU
Sector
Oil, Gas & Consumable Fuels
Coupon Rate
10.08%
Industry
Oil
Issuer nature
Other
Corporate Identity Number (CIN)
U45208OR2009PLC011389
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
SBICAP TRUSTEE COMPANY LIMIT...
Instrument Details
Instrument name as on NSDL
10.08% SECURED REDEEMABLE NO...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
12
Category of Instrument
-
Allotment Date
09-04-2014
Redemption Date
20-08-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
124%
Details of Asset Cover
1. A FIRST RANKING PARI PASSU SECURITY INTEREST INCLUDING FIRST RANKING PARI PASSU CHARGE/ASSIGNMENT ON PROJECTS CASH FLOWS AND RECEIVABLES UNDER BOOT AGREEMENT, INCLUDING ANY MONIES RECEIVABLE OR CLAIMS OR CREDIT OR BENEFIT FOR CENVAT CREDIT 2. A FIRST RANKING PARI PASSU SECURITY INTEREST, INCLUDING CHARGE/ASSIGNMENT ON ALL THE INTANGIBLE ASSETS OF THE COMPANY AND UNCALLED CAPITAL 4. ASSIGNMENT BY WAY OF PARI PASSU SECURITY INTEREST OF ALL RIGHTS, TITLES ..CONTACT INTEREST FOR FURTHER DETAILS
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About Iot Utkal Energy Services Limited bond with ISIN: INE310L07969
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 INE310L07969, represents a significant financial instrument. Issued by IOT UTKAL ENERGY SERVICES LIMITED, it comes with the following description: "10.08% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III STRPP-23 DATE OF MATURITY 20/08/2028". 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, IOT UTKAL ENERGY SERVICES 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) U45208OR2009PLC011389 further bolster its credibility. With a coupon rate of 10.08%, 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 100000 with an issue size of 12. It was allotted on 4/9/2014 and is scheduled for redemption on 8/20/2028. 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 INDIA RATING AND RESEARCH PVT. LTD. 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: 1. A FIRST RANKING PARI PASSU SECURITY INTEREST INCLUDING FIRST RANKING PARI PASSU CHARGE/ASSIGNMENT ON PROJECTS CASH FLOWS AND RECEIVABLES UNDER BOOT AGREEMENT, INCLUDING ANY MONIES RECEIVABLE OR CLAIMS OR CREDIT OR BENEFIT FOR CENVAT CREDIT 2. A FIRST RANKING PARI PASSU SECURITY INTEREST, INCLUDING CHARGE/ASSIGNMENT ON ALL THE INTANGIBLE ASSETS OF THE COMPANY AND UNCALLED CAPITAL 4. ASSIGNMENT BY WAY OF PARI PASSU SECURITY INTEREST OF ALL RIGHTS, TITLES ..CONTACT INTEREST FOR FURTHER DETAILS – 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, INDIA RATING AND RESEARCH PVT. LTD_30-01-2024, INDIA RATING AND RESEARCH PVT. LTD_31-01-2023. 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 INE310L07985 having a coupon rate of 10.63% and the bond with ISIN INE310L07928 having a coupon rate of 10.08% and the bond with ISIN INE310L07860 having a coupon rate of 10.08% and the bond with ISIN INE310L07886 having a coupon rate of 10.08%. 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.