Tarc Limited
ACTIVE
ISIN: INE0EK907035
Issuer Details
Issuer Name
TARC LIMITED
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
6%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
L70100DL2016PLC390526
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
6% SECURED UNRATED UNLISTED ...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
191
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
05-10-2023
Redemption Date
05-04-2027
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
200%
Details of Asset Cover
first ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation.
Asset Type
Details of the security
Tangible Assets
NA
Others, Please Specify
signed post dated cheques from each of the Personal Guarantors in respect of the Secured Obligations
Immovable Assets
first ranking mortgage and charge over the Mortgaged Properties in favour of the Debenture Trustee, in accordance with the terms of the relevant Mortgage Documents and the Additional Mortgage Documents
Trust & Retention Account /Escrow Accounts
first ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation.
Non-Current Investments
first ranking pledge over 100% of the equity share capital of each Obligor (other than the Company and the Personal Guarantors), on a fully diluted basis, in favour of the Debenture Trustee in accordance with the terms of the Share Pledge Agreement and the Additional Share Pledge Agreement.
Book Debts / Receivables
first ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation.
Intangible Assets
NA
Current Assets
first ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation.
Movable Asset
first ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation.
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About Tarc Limited bond with ISIN: INE0EK907035
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 INE0EK907035, represents a significant financial instrument. Issued by TARC LIMITED, it comes with the following description: "6% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES C DATE OF MATURITY 05/04/2027". 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, TARC 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) L70100DL2016PLC390526 further bolster its credibility. With a coupon rate of 6, this instrument has been meticulously managed with the assistance of Skyline Financial Services 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 191. It was allotted on 10/5/2023 and is scheduled for redemption on 4/5/2027. 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. No credit rating information is available for this bond. 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 ranking charge by way of hypothecation over the Hypothecated Properties in favour of the Debenture Trustee, in accordance with the terms of the Deed of Hypothecation and the Additional Deed of Hypothecation. – 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 INE0EK907019 having a coupon rate of 6% and the bond with ISIN INE0EK907043 having a coupon rate of 6 and the bond with ISIN INE0EK907050 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.