Bond Directory / STERLITE GRID 16 LIMITED

STERLITE GRID 16 LIMITED

DELETED

13.95% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBILE DEBENTURE. SERIES 1. LETTER OF ALLOTMENT.DATE OF MATURITY 10/11/2023.

ISIN

INE0LDB07016

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Essentials

Coupon Rate (Returns)

13.95%

Rating

A(CE)  CRISIL RATINGS LIMITED

Interest Payment Frequency

QUARTERLY

Four Times A Year

Maturity after

-8 months

Nov 10, 2023

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

200 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement (non-EBP)

Issuer Details

STERLITE GRID 16 LIMITED

Business Sector

244

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -CRISIL RATINGS LIMITED

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

Coupon Type

Simple

*Rating Agency - CRISIL RATINGS LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A(CE)

(Apr 28, 2022)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Credit Outlook

Not Applicable

Not Applicable

Rating Watch

Developing

The Credit Rating may either be upgraded, downgraded or reaffirmed.

Repayment Priority

Higher the level, higher the priority of investment repayment on default

None

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

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