Simplex Infrastructures Limited

About Simplex Infrastructures Limited bond with ISIN: INE059B07054

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 INE059B07054, represents a significant financial instrument. Issued by SIMPLEX INFRASTRUCTURES LIMITED, it comes with the following description: "11.25% SECURED NON CONVERTIBLE DEBENTURES. SERIES IV. LETTER OF ALLOTMENT. DATE OF MATURITY 26/12/2020". 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, SIMPLEX INFRASTRUCTURES 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) L45209WB1924PLC004969 further bolster its credibility. With a coupon rate of 11.25%, this instrument has been meticulously managed with the assistance of MCS Share Transfer Agent 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 1000000 with an issue size of 40. It was allotted on 12/26/2013 and is scheduled for redemption on 12/26/2020. 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 D as provided by CARE Ratings Limited. In the market, ratings typically range from D to AAA, and a rating of D 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: FIRST PARI PASSU CHARGE ON SPECIFIED IMMOVABLE FIXED ASSETS AND FIRST CHARGE ON SPECIFIED MOVABLE FIXED ASSET OF THE COMPANY, WITH A MINIMUM SECURITY COVER OF 1.25 TIMES TO BE MAINTAINED DURING THE ENTIRE TENURE OF THE NCD. – 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, CARE Ratings Limited_19-11-2024, CARE Ratings Limited_23-11-2023, CARE Ratings Limited_28-11-2022. 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 INE059B07070 having a coupon rate of 11.25% and the bond with ISIN INE059B07047 having a coupon rate of 10.4% and the bond with ISIN INE059B07039 having a coupon rate of 10.75% and the bond with ISIN INE059B07088 having a coupon rate of 11.25%. 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.