Yedeshi Aurangabad Tollway Limited
ACTIVE
ISIN: INE461R07025
Issuer Details
Issuer Name
YEDESHI AURANGABAD TOLLWAY ...
Type of Issuer
Non PSU
Sector
Construction
Coupon Rate
8.75%
Industry
Construction
Issuer nature
Other
Corporate Identity Number (CIN)
U45300MH2014PTC255280
Name of the Lead Manager
-
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
SBICAP Trustee Company Limit...
Instrument Details
Instrument name as on NSDL
8.75% SECURED RATED LISTED R...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
300
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
09-09-2022
Redemption Date
08-09-2029
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
320%
Details of Asset Cover
an assignment by way of Security in all rights titles interests benefits claims and demands whatsoever of the Company in the Project Documents the rights titles and interests of the Company in to and under all the government approvals and Clearances all rights titles interests benefits claims and demands whatsoever of the Company in any letter of credit guarantee including contractor guarantees liquidated damages and performance bonds provided by any party to the Project Documents
Asset Type
Details of the security
Trust & Retention Account /Escrow Accounts
first charge over all accounts of the Company including the Escrow Account and SubAccounts or any account in substitution thereof that may be opened in accordance with the Concession Agreement and the Supplementary Escrow Agreement or any of the other Project Documents and all funds from time to time deposited therein the Receivables and all Permitted Investments as defined in the Supplementary Escrow Agreement or other securities provided that the same being applied to the extent of waterfall
Others, Please Specify
an assignment by way of Security in all rights titles interests benefits claims and demands whatsoever of the Company in the Project Documents the rights titles and interests of the Company in to and under all the government approvals and Clearances all rights titles interests benefits claims and demands whatsoever of the Company in any letter of credit guarantee including contractor guarantees liquidated damages and performance bonds provided by any party to the Project Documents
Movable Asset
first charge on all of Companys tangible movable assets including movable plant and machinery machinery spares tools and accessories furniture fixtures vehicles and all other movable assets both present and future save and except the Project Assets
Intangible Assets
first charge on all intangible assets of the Company including but not limited to goodwill rights undertaking and uncalled capital present and future excluding the Project Assets provided that all amounts received on account of any of these shall be deposited in the Escrow Account that the charges on the same shall be subject to the priority as specified under the Concession Agreement and the Escrow Agreement and the charge on uncalled capital as set out above
Immovable Assets
first mortgage and charge over all of Companys immovable properties if any both present and future save and except for the Project Assets.
Movable Asset
Exclusive pledge of 100% of the issued & paid up equity shares of the Issuer held by IRB Infrastructure Trust on a fully diluted basis, to be created in favour of the Debenture Trustee (acting on behalf of the Debenture Holders). Provided that any enforcement of the pledge over shares shall be subject to Articles 5.3 and 7.1(k) of the Concession Agreement and the prior written approval of NHAI as provided therein.
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About Yedeshi Aurangabad Tollway Limited bond with ISIN: INE461R07025
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 INE461R07025, represents a significant financial instrument. Issued by YEDESHI AURANGABAD TOLLWAY LIMITED, it comes with the following description: "8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 2B TRANCHE 2. DATE OF MATURITY 08/09/2029.". 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, YEDESHI AURANGABAD TOLLWAY 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) U45300MH2014PTC255280 further bolster its credibility. With a coupon rate of 8.75, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of SBICAP Trustee Company Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 300. It was allotted on 9/9/2022 and is scheduled for redemption on 9/8/2029. 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 AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA 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: an assignment by way of Security in all rights titles interests benefits claims and demands whatsoever of the Company in the Project Documents the rights titles and interests of the Company in to and under all the government approvals and Clearances all rights titles interests benefits claims and demands whatsoever of the Company in any letter of credit guarantee including contractor guarantees liquidated damages and performance bonds provided by any party to the Project 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. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series. 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 INE461R07017 having a coupon rate of 8.65%. 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.