Bond Directory / ONGC PETRO ADDITIONS LIMITED

ONGC PETRO ADDITIONS LIMITED

DELETED

7.6829% UNSECURED COMPULSORILY CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF CONVERSION 18/05/2020 THE INSTRUMENT IS A DEBENTURE WHICH CANNOT BE CONVERTED IN THE HANDS OF DEBENTURE INVESTOR FOR THE FIRST 35 MONTHS & UPON EXERCISE OF PUT/BUY-OUT OPTION BY INVESTOR/SPONSOR, IT WOULD BE A COMPULSORILY CONVERTIBLE DEBENTURE IN THE HANDS OF SPONSOR/ EQUITY INVESTOR

ISIN

INE163N08040

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Essentials

Coupon Rate (Returns)

7.6829%

Rating

AAA(CE)  INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-1 years -6 months

May 18, 2020

Face Value

₹1,00,00,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call and Put

Put option exercised at

At Par

Issue Details

Issue Size

1671 Crores

Issue Price

₹1,00,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

SBICAP Trustee Company Limited

Issue

Private

Issuer Details

ONGC PETRO ADDITIONS LIMITED

Business Sector

Industrial

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Factors

Issue Size

Large

Rating Category*

AAA

Tax Saving

No

Issue Type

Private

Coupon Type

Simple

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

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Credit Rating

AAA(CE)

(Mar 28, 2020)

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

Credit Outlook

Stable

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Rating Watch

Not Applicable

Not Applicable

Repayment Priority

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None

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Type of Guarantee

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PARTIAL GUARANTEED

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