Sinew Developers Private Limited

About Sinew Developers Private Limited bond with ISIN: INE429L07017

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 INE429L07017, represents a significant financial instrument. Issued by SINEW DEVELOPERS PRIVATE LIMITED, it comes with the following description: "22.95% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 01/03/2020". 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, SINEW DEVELOPERS 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) U45202PN1994PTC128486 further bolster its credibility. With a coupon rate of 22.95%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 10000000 with an issue size of 200. It was allotted on 3/2/2015 and is scheduled for redemption on 3/1/2020. 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 BRICKWORK RATINGS INDIA PRIVATE 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: (i) PLEDGE ON 100% OF THE SECURITIES OF THE COMPANY HELD BY THE PROMOTERS (KUMAR URBAN DEVELOPMENT PVT LTD AND MR. LALIT KUMAR JAIN) IN ACCORDANCE WITH THE TERMS SET OUT IN THE SHARE PLEDGE AGREEMENTS (ii) PLEGDE ON 74% OF THE SECURITIES OF KUMAR HOUSING CORPORATION PVT LTD HELD BY KUMAR URBAN DEVELOPMENT PVT LTD IN ACCORDANCE WITH THE TERMS SET OUT IN THE KHCL SHARE PLEDGE AGREEMENT AND (iii) PERSONAL GUARANTEE BY THE GUARANTORS..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 Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, BRICKWORK RATINGS INDIA PRIVATE LIMITED_22-01-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_25-01-2024, BRICKWORK RATINGS INDIA PRIVATE LIMITED_18-01-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_19-01-2022, BRICKWORK RATINGS INDIA PRIVATE LIMITED_18-01-2021. 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 INE429L08015 having a coupon rate of 22.95% and the bond with ISIN INE429L07025 having a coupon rate of 18.66%. 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.