Svasti Microfinance Private Limited

About Svasti Microfinance Private Limited bond with ISIN: INE513Q07165

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 INE513Q07165, represents a significant financial instrument. Issued by SVASTI MICROFINANCE PRIVATE LIMITED, it comes with the following description: "13.20% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/03/2025". 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, SVASTI 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) U65922TN1995PTC030293 further bolster its credibility. With a coupon rate of 13.2, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED 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 1000000 with an issue size of 22. It was allotted on 6/10/2022 and is scheduled for redemption on 3/7/2025. Categorized under "PLAIN VANILLA DEBENTURES" 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 collateralised on or prior to the date occurring on the expiry of a period of 60 (Sixty) calendar days from the Deemed Date of Allotment (the "Initial Security Creation Date") by way of (a) a first ranking exclusive, current and continuing charge to be created pursuant to an unattested deed of hypothecation, executed or to be executed and delivered by the Company in a form acceptable to the Debenture Trustee – 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_05-11-2024, CARE RATINGS LIMITED_08-10-2024, CARE RATINGS LIMITED_08-09-2023, CARE RATINGS LIMITED_29-03-2023, CARE RATINGS LIMITED_30-06-2022. 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 INE513Q07181 having a coupon rate of 13% and the bond with ISIN INE513Q07207 having a coupon rate of 14.5% and the bond with ISIN INE513Q07223 having a coupon rate of 14% and the bond with ISIN INE513Q07157 having a coupon rate of 11.75%. 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.