N.a.m.expressway Limited

About N.a.m.expressway Limited bond with ISIN: INE142U07017

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 INE142U07017, represents a significant financial instrument. Issued by N.A.M.EXPRESSWAY LIMITED, it comes with the following description: "MIBOR LINKED SECURED UNLISTED UNRATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES I. DATE OF MATURITY 15/11/2027". 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, N.A.M.EXPRESSWAY 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) U45209TG2010PLC068968 further bolster its credibility. With a coupon rate of MIBOR-OIS PLUS FLOATING RATE PLUS 2.75%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 659982.24 with an issue size of 168.9. It was allotted on 12/13/2018 and is scheduled for redemption on 11/15/2027. 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 INDIA RATING AND RESEARCH PVT. LTD. 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: HYPOTHECATION OF PROJECT ASSETS & RECEIVABLES & SHARE PLEDGE OF 26% OF SHARE CAPITAL – 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 INDIA RATING AND RESEARCH PVT. LTD_28-08-2024, INDIA RATING AND RESEARCH PVT. LTD_29-08-2023, INDIA RATING AND RESEARCH PVT. LTD_29-08-2023, INDIA RATING AND RESEARCH PVT. LTD_25-07-2022, INDIA RATING AND RESEARCH PVT. LTD_13-05-2021, INDIA RATING AND RESEARCH PVT. LTD_13-05-2020, INDIA RATING AND RESEARCH PVT. LTD_13-05-2019. 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 INE142U08031 having a coupon rate of SBI BASE RATE + 400 BASIS POINT and the bond with ISIN INE142U08015 having a coupon rate of LINKED TO SBI BASE RATE + 500 BASIS POINT and the bond with ISIN INE142U07025 having a coupon rate of MIBOR-OIS PLUS FLOATING RATE PLUS 2.75% and the bond with ISIN INE142U08023 having a coupon rate of SBI BASE RATE +500 BASIS POINT. 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.