Kamarajar Port Limited

About Kamarajar Port Limited bond with ISIN: INE363O07103

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 INE363O07103, represents a significant financial instrument. Issued by KAMARAJAR PORT LIMITED, it comes with the following description: "9.00% (FOR CATEGORY IV) TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 3B. DATE OF MATURITY 25/03/2034". 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, KAMARAJAR PORT 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) U45203TN1999GOI043322 further bolster its credibility. With a coupon rate of 9%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of CATALYST TRUSTEESHIP LIMITED (FORMERLY GDA TRUSTEESHIP LIMITED), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 75.6062. It was allotted on 3/25/2014 and is scheduled for redemption on 3/25/2034. 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 AA- as provided by ICRA LIMITED. 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 PARI PASSU CHARGE ON THE COMPANY'S ASSETS LOCATED WITHIN THE PORT LIMITS OF LATITUDE 13 17' 36" NORTH AND LONGITUDE 80 20' 51" EAST ALONG WITH THE RIGHT TO OCCUPY AND USE THE LAND OVER WHICH THE ASSETS ARE SITUATED WITH AN ASSET COVER OF ONE TIME OF THE TOTAL OUTSTANDING AMOUNT OF BONDS PURSUANT TO THE BOND TRUST DEED – 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, ICRA LIMITED_18-09-2024, CARE Ratings Limited_07-12-2023, CARE Ratings Limited_23-12-2022, ICRA LIMITED_19-09-2023. 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 INE363O07095 having a coupon rate of 9% and the bond with ISIN INE363O07079 having a coupon rate of 8.75% and the bond with ISIN INE363O07046 having a coupon rate of (7.17/7.67)% and the bond with ISIN INE363O07061 having a coupon rate of 8.75%. 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.