Irb Infrastructure Developers Limited
INACTIVE
ISIN: INE821I07052
Issuer Details
Issuer Name
IRB INFRASTRUCTURE DEVELOPER...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
9.55%
Industry
Construction
Issuer nature
-
Corporate Identity Number (CIN)
L65910MH1998PLC115967
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
9.55% SECURED RATED LISTED ...
Face Value (in ₹)
315000
Total Issue size( in ₹ Cr.)
193.5
Category of Instrument
-
Allotment Date
29-06-2020
Redemption Date
28-06-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
125%
Details of Asset Cover
FIRST CHARGE BY WAY OF PLEDGE ON 25000000 UNITS OF IRB INFRASTRUCTURE TRUST HELD BY THE ISSUER WHICH GIVES SECURITY COVER OF 1.25X. CONTACT ISSUER FOR MORE DETAILS.
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About Irb Infrastructure Developers Limited bond with ISIN: INE821I07052
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 INE821I07052, represents a significant financial instrument. Issued by IRB INFRASTRUCTURE DEVELOPERS LIMITED, it comes with the following description: "9.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 28/06/2025". 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, IRB INFRASTRUCTURE DEVELOPERS LIMITED, classified as N/A, 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) L65910MH1998PLC115967 further bolster its credibility. With a coupon rate of 9.55%, 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 315000 with an issue size of 193.5. It was allotted on 6/29/2020 and is scheduled for redemption on 6/28/2025. 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 AA- as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of AA- 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 CHARGE BY WAY OF PLEDGE ON 25000000 UNITS OF IRB INFRASTRUCTURE TRUST HELD BY THE ISSUER WHICH GIVES SECURITY COVER OF 1.25X. CONTACT ISSUER FOR MORE 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_05-01-2024, INDIA RATING AND RESEARCH PVT. LTD_16-08-2023, INDIA RATING AND RESEARCH PVT. LTD_17-08-2022, INDIA RATING AND RESEARCH PVT. LTD_29-04-2022. 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 INE0NB307012 having a coupon rate of 15% and the bond with ISIN INE00CI07122 having a coupon rate of 11.25% and the bond with ISIN INE00BB08010 having a coupon rate of Not applicable and the bond with ISIN INE00CI07080 having a coupon rate of 11.25%. 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.