Vedanta Limited

About Vedanta Limited bond with ISIN: INE205A07212

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 INE205A07212, represents a significant financial instrument. Issued by VEDANTA LIMITED, it comes with the following description: "7.68% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/12/2024". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, VEDANTA 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) L13209GA1965PLC000044 further bolster its credibility. With a coupon rate of 7.68%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Axis Trustee Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 1000. It was allotted on 12/31/2021 and is scheduled for redemption on 12/31/2024. 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 AA- as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AA- 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: SECURED BY WAY OF FIRST PARI-PASSU CHARGE ON THE SPECIFIC MOVABLE FIXED ASSETS, AS MAY BE IDENTIFIED AND NOTIFIED BY THE ISSUER TO THE SECURITY TRUSTEE FROM TIME TO TIME, WITH MINIMUM ASSET COVERAGE OF 1 TIME OF THE AGGREGATE FACE VALUE OF NCD¿¿S OUTSTANDING AT ANY POINT OF TIME – 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 Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CRISIL RATINGS LIMITED_10-09-2024, CRISIL RATINGS LIMITED_17-11-2023, CRISIL RATINGS LIMITED_04-10-2023, CRISIL RATINGS LIMITED_28-03-2023. 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 INE205A07253 having a coupon rate of 1 M OIS and the bond with ISIN INE205A07246 having a coupon rate of 12% and the bond with ISIN INE205A07238 having a coupon rate of 12% and the bond with ISIN INE205A07196 having a coupon rate of 9.2%. 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.