Thar Surya 1 Private Limited
ACTIVE
ISIN: INE0J2E07030
Issuer Details
Issuer Name
THAR SURYA 1 PRIVATE LIMITED
Type of Issuer
Non PSU
Sector
Power
Coupon Rate
NA%
Industry
Power
Issuer nature
Other
Corporate Identity Number (CIN)
U40100HR2020PTC086119
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
FIXED BASE RATE + SPREAD SEC...
Face Value (in ₹)
951500
Total Issue size( in ₹ Cr.)
125.4
Category of Instrument
OTHERS
Allotment Date
13-12-2022
Redemption Date
31-03-2042
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
the entire movable properties of the Borrower, both present and future, including movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable properties of the Borrower
Asset Type
Details of the security
Tangible Assets
Insurance Policies (except any third party liability insurance policy where the Borrower is neither a party nor beneficiary) and the Insurance Proceeds (except the insurance proceeds under a third party liability insurance policy where the Borrower is neither a party nor beneficiary or under a Reinsurance Policy) (defined terms to have the meaning ascribed to them under the definitive documents executed between the Company and the lenders)
Others, Please Specify
All the rights, title, interest, benefits, claims and demands whatsoever of the Borrower, both present and future, in, to and under (I) the Project Documents (which shall exclude the Power Sale Agreements and the Interconnection Documents), including Insurance Policies (other than any third party liability Insurance Policy where the Borrower is neither a party nor beneficiary) duly acknowledged and consented to by the relevant counterparties in the manner agreed in the definitive documents
Trust & Retention Account /Escrow Accounts
Project Accounts and the Permitted Accounts (other than the Distribution Account, the Liquidity Reserve Account and the credit balance thereof) (as such terms are defined in the definitive documents executed between the Company and the lenders)
Intangible Assets
All intangible assets of the Borrower, including but not limited to, goodwill and uncalled capital, both present and future
Book Debts / Receivables
Receivables of any subordinated loans provided to the Borrower by the holding company of the Borrower, or the sponsors, any permitted transferee(s) and/or any other permitted subordinated shareholder loans received by the Company, in each case in accordance with the terms of the definitive documents executed between the Company and the lender, including the rights of such person as the lender in respect of the relevant subordinated loans
Immovable Assets
All immovable properties (both leasehold and freehold) of the Borrower, both present and future, the subleasehold interest of the Borrower in the Mutated Leased Land and Residual Leased Land (as such terms are defined in the definitive documents executed between the Borrower and the lenders) and the leasehold interest of the Borrower in the Revenue Land (as such term is defined in the definitive documents executed between the Borrower and the lenders).
Movable Asset
the entire movable properties of the Borrower, both present and future, including movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable properties of the Borrower
Current Assets
All cash flows, receivables, book debts, revenues and all other current assets of the Borrower of whatsoever nature and wherever arising, both present and future (other than the Distribution Account, the liquidity Reserve Account ((as such terms are defined in the definitive documents executed between the Borrower and the lenders) and the credit balance thereof)
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About Thar Surya 1 Private Limited bond with ISIN: INE0J2E07030
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 INE0J2E07030, represents a significant financial instrument. Issued by THAR SURYA 1 PRIVATE LIMITED, it comes with the following description: "FIXED BASE RATE + SPREAD SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT TRANCHE 3 DATE OF MATURITY 31/03/2042". 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, THAR SURYA 1 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) U40100HR2020PTC086119 further bolster its credibility. With a coupon rate of NA, 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 951500 with an issue size of 125.4. It was allotted on 12/13/2022 and is scheduled for redemption on 3/31/2042. Categorized under "OTHERS" 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: the entire movable properties of the Borrower, both present and future, including movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable properties of the Borrower – 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 INE0J2E07014 having a coupon rate of FIXED BASE RATE + SPREAD (INITIAL FIXED BASE RATE OF 6.82%) and the bond with ISIN INE0J2E07022 having a coupon rate of 7.50 +SPREAD. 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.