Save Microfinance Private Limited

About Save Microfinance Private Limited bond with ISIN: INE0JAH07013

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 INE0JAH07013, represents a significant financial instrument. Issued by SAVE MICROFINANCE PRIVATE LIMITED, it comes with the following description: "INDEX LINKED SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 31/10/2024". 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, SAVE MICROFINANCE PRIVATE 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) U65929DL2016PTC304877 further bolster its credibility. With a coupon rate of INDEX LINKED, this instrument has been meticulously managed with the assistance of N/A and under the oversight of N/A, 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 9/17/2021 and is scheduled for redemption on 10/31/2024. Categorized under "Structured/Market Linked Debentures (MLDs)" 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 BBB as provided by CARE Ratings Limited. In the market, ratings typically range from D to AAA, and a rating of BBB 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 DEBENTURES SHALL BE SECURED BY WAY OF A FIRST RANKING, EXCLUSIVE AND CONTINUING CHARGE ON IDENTIFIED RECEIVABLES (HYPOTHECATED RECEIVABLES) CREATED PURSUANT TO THE DEED OF HYPOTHECATION TO BE EXECUTED BETWEEN THE COMPANY AND THE DEBENTURE TRUSTEE AS DESCRIBED HEREIN. THE HYPOTHECATED RECEIVABLES SHALL AT ALL TIMES BE EQUAL TO THE VALUE OF THE OUTSTANDING PRINCIPAL AMOUNT OF THE DEBENTURES...CONTACT ISSUER FOR FURTHER DETAILS – 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_09-09-2024, CARE Ratings Limited_29-05-2024, CARE Ratings Limited_22-03-2024, CARE Ratings Limited_03-10-2023, CARE Ratings Limited_04-10-2022, CARE Ratings Limited_01-08-2022. 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 INE0JAH08029 having a coupon rate of 14.7% and the bond with ISIN INE0JAH07104 having a coupon rate of 6 monthly VCL index current and the bond with ISIN INE0JAH07096 having a coupon rate of 12.5% and the bond with ISIN INE0JAH08011 having a coupon rate of 14.7%. 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.