Reliance Securities Limited

About Reliance Securities Limited bond with ISIN: INE923I07171

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 INE923I07171, represents a significant financial instrument. Issued by RELIANCE SECURITIES LIMITED, it comes with the following description: "NIFTY 50 INDEX LINKED SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES RC/210428. DATE OF MATURITY 29/05/2026. ". 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, RELIANCE SECURITIES LIMITED, classified as N/A, 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) U65990MH2005PLC154052 further bolster its credibility. With a coupon rate of NIFTY 50 LINKED, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 2. It was allotted on 4/28/2021 and is scheduled for redemption on 5/29/2026. 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 B+ as provided by CARE RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of B+ 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 FIRST RANKING MORTGAGE AND CHARGE OVER THE COMPANY¿¿S MAHARASHTRA IMMOVABLE PROPERTY. IN ADDITION TO THE ABOVE, FOR EACH CATEGORY OF DEBENTURES THE FOLLOWING RESPECTIVE SECURITIES SHALL BE AVAILABLE, CATEGORY A DEBENTURES, A FIRST CHARGE ON THE PRESENT AND FUTURE INVESTMENTS OF THE COMPANY WITH A MINIMUM ASSET COVER OF 100% AT ALL TIMES DURING THE TENOR OF THE DEBENTURES. 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 CARE RATINGS LIMITED_07-02-2024, CARE RATINGS LIMITED_08-02-2023, CARE RATINGS LIMITED_08-02-2023. These documents serve as a reference for additional details and provide transparency to interested parties. No similar bonds are listed at this time. 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.