Macrotech Developers Limited
ACTIVE
ISIN: INE670K07281
Issuer Details
Issuer Name
MACROTECH DEVELOPERS LIMITED
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
8.14%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45200MH1995PLC093041
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
IDBI Trusteeship Services Li...
Instrument Details
Instrument name as on NSDL
8.14% SECURED RATED LISTED R...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
200
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
06-06-2025
Redemption Date
05-06-2028
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
Charge over the right of lien and set off over bank accounts of the Company in relation to the Projects or Receivables
Asset Type
Details of the security
Book Debts / Receivables
Charge on interest benefits claims demands and all cashflows of the Company in respect of the Tower B Tower C and Tower D of the larger project Hanging Garden Palava ("Projects") situated at village Khoni Taluka Kalyan, District Thane ("Project Land") ("Receivables")
Others, Please Specify
Charge over interest service reserve account ("ISRA") of an amount equivalent to one quarter interest payable in respect of the debentures
Immovable Assets
Charge on Project Land along with present and future rights, title and interest to construct over the said Project Land and inter alia, such other present and future benefits and advantages accruing/ that will accrue in respect of the Project Land (including the Projects)
Trust & Retention Account /Escrow Accounts
Charge over the right of lien and set off over bank accounts of the Company in relation to the Projects or Receivables
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About Macrotech Developers Limited bond with ISIN: INE670K07281
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 INE670K07281, represents a significant financial instrument. Issued by MACROTECH DEVELOPERS LIMITED, it comes with the following description: "8.14% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 05/06/2028". 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, MACROTECH DEVELOPERS 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) U45200MH1995PLC093041 further bolster its credibility. With a coupon rate of 8.14, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 200. It was allotted on 6/6/2025 and is scheduled for redemption on 6/5/2028. 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 AA as provided by CRISIL RATINGS 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: Charge over the right of lien and set off over bank accounts of the Company in relation to the Projects or Receivables – 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 INE670K07299 having a coupon rate of 7.96% and the bond with ISIN INE711Z07018 having a coupon rate of 14% and the bond with ISIN INE670K07273 having a coupon rate of 8.6 and the bond with ISIN INE670K07265 having a coupon rate of 8.79%. 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.