Tarc Limited
ACTIVE
ISIN: INE0EK907050
Issuer Details
Issuer Name
TARC LIMITED
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
-
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 RATED LISTED REDE...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
409
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
07-04-2025
Redemption Date
31-03-2030
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
200%
Details of Asset Cover
first ranking pari passu mortgage and charge over the Mortgaged Properties in favour of the Common Security Trustee, in accordance with the terms of the relevant Mortgage Documents
Asset Type
Details of the security
Immovable Assets
first ranking pari passu mortgage and charge over the Mortgaged Properties in favour of the Common Security Trustee, in accordance with the terms of the relevant Mortgage Documents
Current Assets
first ranking pari passu charge by way of hypothecation over the Hypothecated Properties in favour of the Common Security Trustee, in accordance with the terms of the Deed of Hypothecation
Intangible Assets
NA
Book Debts / Receivables
first ranking pari passu charge by way of hypothecation over the Hypothecated Properties in favour of the Common Security Trustee, in accordance with the terms of the Deed of Hypothecation
Others, Please Specify
the Disposal Power of Attorney
Others, Please Specify
irrevocable and unconditional demand guarantees from each Guarantor in favour of the Common Security Trustee, in accordance with the terms of the Deed of Guarantee
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 Common Security Trustee, in accordance with the terms of the Share Pledge Agreement
Tangible Assets
NA
Trust & Retention Account /Escrow Accounts
first ranking pari passu charge by way of hypothecation over the Hypothecated Properties in favour of the Common Security Trustee, in accordance with the terms of the Deed of Hypothecation
Others, Please Specify
irrevocable and unconditional demand guarantees from each of the Personal Guarantors in favour of the Common Security Trustee, in accordance with the terms of the Personal Guarantee
Others, Please Specify
first ranking pari passu charge over such other assets of the Group as may be required by the Common Security Trustee in writing
Movable Asset
first ranking pari passu charge by way of hypothecation over the Hypothecated Properties in favour of the Common Security Trustee, in accordance with the terms of the Deed of Hypothecation
Others, Please Specify
signed post dated cheques from each of the Personal Guarantors in respect of the Pari Passu Secured Obligations
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About Tarc Limited bond with ISIN: INE0EK907050
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 INE0EK907050, represents a significant financial instrument. Issued by TARC LIMITED, it comes with the following description: "6% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES E DATE OF MATURITY 31/03/2030". 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 N/A, 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 100000 with an issue size of 409. It was allotted on 4/7/2025 and is scheduled for redemption on 3/31/2030. 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 Infomerics Valuation and Rating Pvt. Ltd. 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: first ranking pari passu mortgage and charge over the Mortgaged Properties in favour of the Common Security Trustee, in accordance with the terms of the relevant Mortgage 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 INE0EK907019 having a coupon rate of 6% and the bond with ISIN INE0EK907035 having a coupon rate of 6% and the bond with ISIN INE0EK907043 having a coupon rate of 6. 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.