Msrdc Sea Link Limited
ACTIVE
ISIN: INE04K307016
Issuer Details
Issuer Name
MSRDC SEA LINK LIMITED
Type of Issuer
Non PSU
Sector
-
Coupon Rate
N.A%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U45200MH2018SGC315536
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
SECURED RATED UNLISTED REDEE...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
1085.1
Category of Instrument
-
Allotment Date
30-03-2021
Redemption Date
30-03-2046
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
A SECOND CHARGE OVER ALL THE ISSUERS MOVABLE AND IMMOVABLE ASSETS, IF ANY, BOTH PRESENT AND FUTURE, SAVE AND EXCEPT PROJECTS ASSETS AND PROJECT LAND. A SECOND CHARGE BY WAY OF ASSIGNMENT OR CREATION OF SECURITY INTEREST ON ALL THE RIGHTS, TITLE, INTEREST, BENEFITS, CLAIMS AND DEMANDS WHATSOEVER OF THE ISSUER UNDER THE CONCESSION AGREEMENT AND THE PROJECT AGREEMENTS. FOR MORE DETAILS CONTACT ISSUER.
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About Msrdc Sea Link Limited bond with ISIN: INE04K307016
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 INE04K307016, represents a significant financial instrument. Issued by MSRDC SEA LINK LIMITED, it comes with the following description: "SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE BOND. DATE OF MATURITY 30/03/2046". 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, MSRDC SEA LINK 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) U45200MH2018SGC315536 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 Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 1085.1. It was allotted on 3/30/2021 and is scheduled for redemption on 3/30/2046. Categorized under "-" 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 Acuite Ratings And Research 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: A SECOND CHARGE OVER ALL THE ISSUERS MOVABLE AND IMMOVABLE ASSETS, IF ANY, BOTH PRESENT AND FUTURE, SAVE AND EXCEPT PROJECTS ASSETS AND PROJECT LAND. A SECOND CHARGE BY WAY OF ASSIGNMENT OR CREATION OF SECURITY INTEREST ON ALL THE RIGHTS, TITLE, INTEREST, BENEFITS, CLAIMS AND DEMANDS WHATSOEVER OF THE ISSUER UNDER THE CONCESSION AGREEMENT AND THE PROJECT AGREEMENTS. FOR MORE DETAILS CONTACT ISSUER. – 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 Acuite Ratings And Research Limited_15-11-2024, Acuite Ratings And Research Limited_17-11-2023, Acuite Ratings And Research Limited_17-11-2022. 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 INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.