Piramal Capital & Housing Finance Limited

About Piramal Capital & Housing Finance Limited bond with ISIN: INE516Y07329

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 INE516Y07329, represents a significant financial instrument. Issued by PIRAMAL CAPITAL & HOUSING FINANCE LIMITED, it comes with the following description: "8.85% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 27/06/2031. ". 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, PIRAMAL CAPITAL & HOUSING FINANCE 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) L65910MH1984PLC032639 further bolster its credibility. With a coupon rate of 8.85%, 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 1000000 with an issue size of 20. It was allotted on 6/29/2021 and is scheduled for redemption on 6/27/2031. 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 AA as provided by ICRA 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: THE ISSUANCE SHALL BE SECURED THROUGH NON-EXCLUSIVE 1ST PARI-PASSU CHARGE BY HYPOTHECATION OVER THE HYPOTHECATED ASSETS OF THE COMPANY AND A FIRST RANKING PARI PASSU MORTGAGE OVER IMMOVABLE PROPERTY. THE COMPANY HAS CREATED THE SECURITY OVER HYPOTHECATED ASSETS ON 14TH SEPTEMBER 2020 AND OVER THE MORTGAGED PROPERTY ON 13TH NOVEMBER 2020. THE MINIMUM-SECURITY COVER SHALL BE ONE TIMES. – 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, Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, ICRA LIMITED_29-12-2023, CARE RATINGS LIMITED_04-10-2024, CARE RATINGS LIMITED_11-12-2023, CARE RATINGS LIMITED_24-11-2023, CARE RATINGS LIMITED_03-08-2023, CARE RATINGS LIMITED_20-12-2022, CARE RATINGS LIMITED_08-07-2022, ICRA LIMITED_24-11-2023, ICRA LIMITED_24-11-2023, ICRA LIMITED_31-10-2023, ICRA LIMITED_05-07-2023, ICRA LIMITED_28-04-2023. 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 INE641O07185 having a coupon rate of 9.25% and the bond with ISIN INE202B07HI7 having a coupon rate of 9% and the bond with ISIN INE516Y07360 having a coupon rate of 8.5% and the bond with ISIN INE516Y07410 having a coupon rate of 8.75%. 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.