National Highways Authority Of India

About National Highways Authority Of India bond with ISIN: INE906B07GY2

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 INE906B07GY2, represents a significant financial instrument. Issued by NATIONAL HIGHWAYS AUTHORITY OF INDIA, it comes with the following description: "5.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. TRANCHE XX. DATE OF MATURITY 30/11/2024". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, NATIONAL HIGHWAYS AUTHORITY OF INDIA, classified as Public Sector Undertaking (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) N/A further bolster its credibility. With a coupon rate of 5.75%, this instrument has been meticulously managed with the assistance of Bigshare Services Pvt. Limited and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 10000 with an issue size of 175.144. It was allotted on 11/30/2019 and is scheduled for redemption on 11/30/2024. 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 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: THE BONDS WILL BE SECURED BY A LEGAL MORTGAGE OVER THE AUTHORITYS IMMOVABLE PROPERTIES THAT MAY BE AGRED BETWEEN THE AUTHORTIY AND THE TRUSTEES FOR THE BONDHOLDERS RANKING PARI-PASSU WITH THE MORTGAGE CREATED AND / OR CREATED ON THE SAID PROPERTY FOR SECURING THE BONDS OR ANY OTHER INSTRUMENT. – 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_28-05-2024, CARE RATINGS LIMITED_23-07-2024, CARE RATINGS LIMITED_25-07-2023, CARE RATINGS LIMITED_31-03-2023, CARE RATINGS LIMITED_30-06-2022, INDIA RATING AND RESEARCH PVT. LTD_29-05-2023, INDIA RATING AND RESEARCH PVT. LTD_31-05-2022. 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 INE906B07CB9 having a coupon rate of 8.3% and the bond with ISIN INE906B07GL9 having a coupon rate of 10 YR G SEC RATE LINKED and the bond with ISIN INE906B07JE8 having a coupon rate of 5% and the bond with ISIN INE906B07HL7 having a coupon rate of 7.27%. 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.