Total Environment Constructions Private Limited
ACTIVE
ISIN: INE257Y07031
Issuer Details
Issuer Name
TOTAL ENVIRONMENT CONSTRUCTI...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
13.53%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45202KA1985PTC007026
Name of the Lead Manager
-
Registrar
Link Intime India Private Li...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
13.53% SECURED RATED LISTED ...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
55
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
24-04-2024
Redemption Date
30-09-2026
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
Second ranking exclusive charge by way of mortgage over: (i) the ITQE Phase 3 Land, the TMFT Project Land and the OTR Project Land (the Other Project Land) and all structures (whether present or future) thereon, together with all benefits and entitlements arising out of or in connection with the Other Project Land and structures thereon, along with corresponding leasehold rights, development rights and all present and future development potential
Asset Type
Details of the security
Movable Asset
Second ranking exclusive charge by way of hypothecation over the Project The Magic Faraway Tree(TMFT) Charged Accounts and Receivables and all present and future movable properties in relation to or arising out of the TMFT Project
Immovable Assets
Second ranking exclusive charge by way of mortgage over: (i) the ITQE Phase 3 Land, the TMFT Project Land and the OTR Project Land (the Other Project Land) and all structures (whether present or future) thereon, together with all benefits and entitlements arising out of or in connection with the Other Project Land and structures thereon, along with corresponding leasehold rights, development rights and all present and future development potential
Movable Asset
Second ranking exclusive charge by way of hypothecation over the Project Tangled Up In Green (TUIG) Charged Accounts the Receivables and all present and future movable properties in relation to or arising out of the TUIG Identified Inventory
Movable Asset
Second ranking exclusive charge by way of hypothecation over the Project Over The Rainbow (OTR) Charged Accounts the Receivables and all present and future movable properties in relation to or arising out of the OTR Project
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About Total Environment Constructions Private Limited bond with ISIN: INE257Y07031
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 INE257Y07031, represents a significant financial instrument. Issued by TOTAL ENVIRONMENT CONSTRUCTIONS PRIVATE LIMITED, it comes with the following description: "13.53% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 30/09/2026". 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, TOTAL ENVIRONMENT CONSTRUCTIONS 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) U45202KA1985PTC007026 further bolster its credibility. With a coupon rate of 13.53, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai 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 55. It was allotted on 4/24/2024 and is scheduled for redemption on 9/30/2026. 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 CRISIL 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: Second ranking exclusive charge by way of mortgage over: (i) the ITQE Phase 3 Land, the TMFT Project Land and the OTR Project Land (the Other Project Land) and all structures (whether present or future) thereon, together with all benefits and entitlements arising out of or in connection with the Other Project Land and structures thereon, along with corresponding leasehold rights, development rights and all present and future development potential – 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 CRISIL RATINGS LIMITED_-. 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 INE257Y07049 having a coupon rate of 13.53%. 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.