Sprit Infrapower & Multiventures Private Limited

About Sprit Infrapower & Multiventures Private Limited bond with ISIN: INE069R07174

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 INE069R07174, represents a significant financial instrument. Issued by SPRIT INFRAPOWER & MULTIVENTURES PRIVATE LIMITED, it comes with the following description: "ZERO COUPON SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES SPRIT-BSLMF-1500 CR. DATE OF MATURITY 30/04/2021". 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, SPRIT INFRAPOWER & MULTIVENTURES 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) U18101MH2008PTC178527 further bolster its credibility. With a coupon rate of 0%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1500000 with an issue size of 1500. It was allotted on 11/24/2017 and is scheduled for redemption on 4/30/2021. 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: a. FIRST AND EXCLUSIVE PLEDGE OF SHARES BY CYQUATOR MEDIA SERVICES PVT OF AT LEAST 1.10x OF THE NCD OUTSTANDING AMOUNT. b. FIRST AND EXCLUSIVE PLEDGE OF COMPULSORILY CONVERTIBLE DEBENTURES BY SPRIT TEXTILES PVT LTD OF AT LEAST 0.40x OF THE NCD OUTSTANDING AMOUNT. c. CHARGE CREATED ON THE DESIGNATED ACCOUNT TO BE OPNED UNDER THE DEED OF HYPOTHECATION AND TRANSACTION DOCUMENTS – 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. There are no additional documents available for this bond. 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 INE069R07190 having a coupon rate of N.A. and the bond with ISIN INE069R07208 having a coupon rate of N.A. and the bond with ISIN INE069R07182 having a coupon rate of N.A.. 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.