Mahua Bharatpur Expressways Limited
ACTIVE
ISIN: INE835H07120
Issuer Details
Issuer Name
MAHUA BHARATPUR EXPRESSWAYS ...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
8.4%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45203DL2005PLC329746
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
8.40% SECURED RATED LISTED R...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
184.2
Category of Instrument
-
Allotment Date
16-10-2017
Redemption Date
03-10-2028
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
178%
Details of Asset Cover
FIRST PARI PASSU CHARGE BY WAY OF HYPOTHECATION OVER MOVABLE AND CURRENT ASSETS OF THE COMPANY INCLUDING BANK ACCOUNTS OF THE COMPANY AND ASSIGNMENT OF RIGHT, TITLE AND INTEREST OF THE COMPANY IN RELATION TO THE PROJECT DOCUMENTS
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About Mahua Bharatpur Expressways Limited bond with ISIN: INE835H07120
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 INE835H07120, represents a significant financial instrument. Issued by MAHUA BHARATPUR EXPRESSWAYS LIMITED, it comes with the following description: "8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A11. DATE OF MATURITY 03/10/2028". 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, MAHUA BHARATPUR EXPRESSWAYS 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) U45203DL2005PLC329746 further bolster its credibility. With a coupon rate of 8.4%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED 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 184.2. It was allotted on 10/16/2017 and is scheduled for redemption on 10/3/2028. 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 AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA 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 BY WAY OF HYPOTHECATION OVER MOVABLE AND CURRENT ASSETS OF THE COMPANY INCLUDING BANK ACCOUNTS OF THE COMPANY AND ASSIGNMENT OF RIGHT, TITLE AND INTEREST OF THE COMPANY IN RELATION TO THE PROJECT DOCUMENTS – 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_25-10-2024, INDIA RATING AND RESEARCH PVT. LTD_27-10-2023, INDIA RATING AND RESEARCH PVT. LTD_09-11-2022. 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 INE835H07146 having a coupon rate of 8.4% and the bond with ISIN INE835H07104 having a coupon rate of 8.4% and the bond with ISIN INE835H07138 having a coupon rate of 8.4% and the bond with ISIN INE835H07112 having a coupon rate of 8.4%. 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.