Srei Equipment Finance Ltd
ACTIVE
ISIN: INE881J07FU0
Issuer Details
Issuer Name
SREI EQUIPMENT FINANCE LTD
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
10.75%
Industry
Finance
Issuer nature
NBFC
Corporate Identity Number (CIN)
U70101WB2006PLC109898
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Axis Trustee Services Limite...
Instrument Details
Instrument name as on NSDL
CAN BE USED
Face Value (in ₹)
1000
Total Issue size( in ₹ Cr.)
300
Category of Instrument
-
Allotment Date
24-01-2019
Redemption Date
24-01-2029
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
THE PRINCIPAL AMOUTN OF THE SECURED NCDs TO BE ISSUED IN TERMS OF THIS ISSUE TOGETHER WITH ALL INTEREST DUE ON THE SECURED NCDs IN RESPECT THEREOF. CONTACT ISSUER FOR MORE DETAILS
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About Srei Equipment Finance Ltd bond with ISIN: INE881J07FU0
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 INE881J07FU0, represents a significant financial instrument. Issued by SREI EQUIPMENT FINANCE LTD, it comes with the following description: "CAN BE USED". 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, SREI EQUIPMENT FINANCE LTD, 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) U70101WB2006PLC109898 further bolster its credibility. With a coupon rate of 10.75%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 300. It was allotted on 1/24/2019 and is scheduled for redemption on 1/24/2029. 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: THE PRINCIPAL AMOUTN OF THE SECURED NCDs TO BE ISSUED IN TERMS OF THIS ISSUE TOGETHER WITH ALL INTEREST DUE ON THE SECURED NCDs IN RESPECT THEREOF. CONTACT ISSUER FOR MORE 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 BRICKWORK RATINGS INDIA PRIVATE LIMITED_31-12-2024, Acuite Ratings And Research Limited_18-10-2024, Acuite Ratings And Research Limited_20-10-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_01-06-2023, BRICKWORK RATINGS INDIA PRIVATE LIMITED_13-06-2022, BRICKWORK RATINGS INDIA PRIVATE LIMITED_13-05-2021, BRICKWORK RATINGS INDIA PRIVATE LIMITED_13-05-2021, BRICKWORK RATINGS INDIA PRIVATE LIMITED_21-04-2021, BRICKWORK RATINGS INDIA PRIVATE LIMITED_20-11-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_07-09-2020, BRICKWORK RATINGS INDIA PRIVATE LIMITED_10-09-2019, BRICKWORK RATINGS INDIA PRIVATE LIMITED_24-12-2018, BRICKWORK RATINGS INDIA PRIVATE LIMITED_13-12-2018. 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 INE881J08706 having a coupon rate of 0.001% and the bond with ISIN INE881J07FZ9 having a coupon rate of 0.001% and the bond with ISIN INE881J08722 having a coupon rate of 0.001% and the bond with ISIN INE881J08714 having a coupon rate of 0.001%. 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.