Mac Charles (india) Limited
ACTIVE
ISIN: INE435D07078
Issuer Details
Issuer Name
MAC CHARLES (INDIA) LIMITED
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
Industry
Realty
Issuer nature
-
Corporate Identity Number (CIN)
L55101KA1979PLC003620
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
SECURED RATED LISTED REDEEMA...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
50
Category of Instrument
OTHERS
Allotment Date
21-12-2022
Redemption Date
24-08-2026
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
150%
Details of Asset Cover
afirst ranking exclusive charge by way of hypothecation by the Company over all the Account Assets Company and the Assets Project Embassy Debt in accordance with the terms of the Deed of Hypothecation Company
Asset Type
Details of the security
Immovable Assets
afirst ranking exclusive equitable mortgage by ECPL over the rights title and interest of ECPL in JDA Property II in accordance with the terms of the Mortgage Documents JDA Property II
Movable Asset
afirst ranking exclusive charge by way of hypothecation by the Company over all the Account Assets Company and the Assets Project Embassy Debt in accordance with the terms of the Deed of Hypothecation Company
Others, Please Specify
afirst ranking exclusive pledge by the Company over the Pledged Shares in accordance with the terms of the Pledge Agreement
Others, Please Specify
afirst ranking exclusive charge by way of hypothecation by the Hub SPV over all the Account Assets Hub SPV the Receivables and all movable assets in relation to the Project in accordance with the terms of the Deed of Hypothecation Hub SPV
Others, Please Specify
afirst ranking exclusive charge by way of hypothecation by ECPL over the Secured Properties ECPL in accordance with the terms of the Deed of Hypothecation ECPL
Immovable Assets
asecond ranking equitable mortgage by the Company subservient only to the Existing Financial Indebtedness over the Project Land Zenith in accordance with the terms of the Mortgage Documents Zenith
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About Mac Charles (india) Limited bond with ISIN: INE435D07078
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 INE435D07078, represents a significant financial instrument. Issued by MAC CHARLES (INDIA) LIMITED, it comes with the following description: "SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT SERIES C DATE OF MATURITY 24/08/2026". 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, MAC CHARLES (INDIA) 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) L55101KA1979PLC003620 further bolster its credibility. With a coupon rate of N/A, 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 1000000 with an issue size of 50. It was allotted on 12/21/2022 and is scheduled for redemption on 8/24/2026. Categorized under "OTHERS" 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 BB+ as provided by Acuite Ratings And Research Limited. In the market, ratings typically range from D to AAA, and a rating of BB+ 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: afirst ranking exclusive charge by way of hypothecation by the Company over all the Account Assets Company and the Assets Project Embassy Debt in accordance with the terms of the Deed of Hypothecation Company – 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, Acuite Ratings And Research Limited_23-01-2024, Acuite Ratings And Research Limited_-, Acuite Ratings And Research Limited_20-02-2023. 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 INE435D07037 having a coupon rate of N/A and the bond with ISIN INE435D07029 having a coupon rate of N/A and the bond with ISIN INE435D07052 having a coupon rate of N/A and the bond with ISIN INE435D07060 having a coupon rate of N/A. 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.