Loantap Credit Products Private Limited
INACTIVE
ISIN: INE0B4P07311
Issuer Details
Issuer Name
LOANTAP CREDIT PRODUCTS PRIV...
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
14%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U65910PN1996PTC101188
Name of the Lead Manager
-
Registrar
-
Name of Debenture Trustee
Mitcon Trusteeship Services ...
Instrument Details
Instrument name as on NSDL
14% SECURED RATED UNLISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
2
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
25-08-2023
Redemption Date
18-10-2024
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal
Asset Percentage
110%
Details of Asset Cover
Hypothecation of Issuers standard Loan receivables for 1.10 of the principle amount raised through this Issuance of NCD. Corporate Guarantee of LoanTap Financial Technologies Private Limited
Asset Type
Details of the security
Book Debts / Receivables
Hypothecation of Issuers standard Loan receivables for 1.10 of the principle amount raised through this Issuance of NCD. Corporate Guarantee of LoanTap Financial Technologies Private Limited
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About Loantap Credit Products Private Limited bond with ISIN: INE0B4P07311
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 INE0B4P07311, represents a significant financial instrument. Issued by LOANTAP CREDIT PRODUCTS PRIVATE LIMITED, it comes with the following description: "14% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 18/10/2024.". 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, LOANTAP CREDIT PRODUCTS 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) U65910PN1996PTC101188 further bolster its credibility. With a coupon rate of 14, this instrument has been meticulously managed with the assistance of N/A and under the oversight of Mitcon Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 2. It was allotted on 8/25/2023 and is scheduled for redemption on 10/18/2024. 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 BBB- as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of BBB- 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: Hypothecation of Issuers standard Loan receivables for 1.10 of the principle amount raised through this Issuance of NCD. Corporate Guarantee of LoanTap Financial Technologies Private Limited – 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_-. 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 INE0B4P07345 having a coupon rate of 14% and the bond with ISIN INE0B4P07279 having a coupon rate of 15% and the bond with ISIN INE0B4P07352 having a coupon rate of 14.5% and the bond with ISIN INE0B4P07287 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.