Transcon Skycity Private Limited
ACTIVE
ISIN: INE0IVT07016
Issuer Details
Issuer Name
TRANSCON SKYCITY PRIVATE LIM...
Type of Issuer
Non PSU
Sector
Realty
Coupon Rate
16.50%
Industry
Realty
Issuer nature
Other
Corporate Identity Number (CIN)
U45200MH1993PTC073684
Name of the Lead Manager
-
Registrar
Skyline Financial Services P...
Name of Debenture Trustee
Beacon Trusteeship Ltd
Instrument Details
Instrument name as on NSDL
16.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
100000
Total Issue size( in ₹ Cr.)
125
Category of Instrument
Plain Vanilla Debentures
Allotment Date
24-06-2022
Redemption Date
30-04-2026
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
ALL THAT PIECES AND PARCELS OF LAND BEARING SURVEY NO.267 (PART) CORRESPONDING TO CTS NO.622A/1 (PART) ADMEASURING 1080 SQUARE METERS OR THEREABOUTS, SITUATE, LYING AND BEING AT VILLAGE MULUND, TALUKA KURLA IN THE REGISTRATION DISTRICT AND SUB DISTRICT OF MUMBAI SUBURBAN.FOR MORE DETAILS PLEASE CONTACT TO ISSSUER.
Asset Type
Details of the security
Immovable Assets - Properties
All that pieces and parcels of land bearing Survey No.267 (part) corresponding to CTS No.622A/1 (part) admeasuring 1080 square meters or thereabouts, situate, lying and being at Village Mulund, Taluka Kurla in the registration district and sub district of Mumbai Suburban
a first ranking exclusive charge by way of pledge on 100% (one hundred percent) of the Share Capital of the Company, held by the Pledgors accompanied by power(s) of attorney in favour of the Debenture Trustee permitting sale of the securities, shares and other requisite powers, in demat form and/or any other form and manner to the satisfactory of the Debenture Trustee and/or Facility Agent along with power of attorney in relation thereto
Current Assets
a first ranking exclusive charge by way of hypothecation on all cash flows/receivables arising from Borivali Land along with power of attorney in relation thereto
Trust & Retention Account /Escrow Accounts
Escrow Mechanism- & as per Escrow Agreement, including following accounts held with HDFC Bank Limited (“Escrow Bank “: (a) 57500000913694- TRANSCON SKYCITY PVT LTD ESCROW ACCOUNT (b) 57500000913705- TRANSCON SKYCITY PVT LTD FORTUNE 500 TOWER 1 MASTER COLLECTION ESCROW ACCOUNT (c) 57500000913273- TRANSCON SKYCITY PVT LTD FORTUNE 500 TOWER 1 RERA ESCROW A/C
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About Transcon Skycity Private Limited bond with ISIN: INE0IVT07016
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 INE0IVT07016, represents a significant financial instrument. Issued by TRANSCON SKYCITY PRIVATE LIMITED, it comes with the following description: "16.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 30/04/2026. ". 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, TRANSCON SKYCITY 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) U45200MH1993PTC073684 further bolster its credibility. With a coupon rate of 16.50%, this instrument has been meticulously managed with the assistance of Skyline Financial Services Private Limited and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 100000 with an issue size of 125. It was allotted on 6/24/2022 and is scheduled for redemption on 4/30/2026. 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. 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: ALL THAT PIECES AND PARCELS OF LAND BEARING SURVEY NO.267 (PART) CORRESPONDING TO CTS NO.622A/1 (PART) ADMEASURING 1080 SQUARE METERS OR THEREABOUTS, SITUATE, LYING AND BEING AT VILLAGE MULUND, TALUKA KURLA IN THE REGISTRATION DISTRICT AND SUB DISTRICT OF MUMBAI SUBURBAN.FOR MORE DETAILS PLEASE CONTACT TO ISSSUER. – 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 INE005X08018 having a coupon rate of 9% and the bond with ISIN INE002Z08077 having a coupon rate of N/A and the bond with ISIN INE0NO807016 having a coupon rate of 16% and the bond with ISIN INE003S07247 having a coupon rate of 9.3%. 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.