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PRESTIGE PROJECTS PRIVATE LIMITED

Sector Focus Real Estate  |  Highest Credit Rating ICRA A (Stable) by ICRA
July 25, 2023  |   9 min read

PRESTIGE PROJECTS PRIVATE LIMITED

Sector Focus Real Estate Highest Credit Rating ICRA A (Stable) by ICRA
  • Coupon
  • 11.7500 % p.a
  • Rating
  • ICRA A (Stable)
  • ISIN
  • INE757O07049
  • Maturity / Call Date
  • March 05, 2027

About the Issuer

Key Strengths

Credit Rating Agency
ICRA
Rating Outlook
ICRA A (Stable)
Date
as on July 25, 2023



Product Offerings include

1
Residential
2
Commercial
3
Retail
4
Hospitality

Source: Annual Report & Information Memorandum of PRESTIGE PROJECTS PRIVATE LIMITED

Key Highlights of Term Sheet

Seniority (Senior or subordinated)
Senior
Type of Instrument
Senior, Secured, Listed, Rated, Redeemable, NCDs
Rating of the Instrument
“A (Stable)” by ICRA
Face Value & Issue Price
INR 1,00,000/- per Debenture
Coupon Rate
11.7500% p.a.
Coupon Payment Frequency
Quarterly and on Redemption Date
Date of Allotment
March 07, 2024
Final Redemption Date
March 05, 2027
Redemption Amount
Bullet, At par
Put Option Date
September 05, 2025
Put Price
At Par
Call Option Date
September 05, 2025
Call Price
At Par
Mode of Issue
Private Placement
Listing
Listed on the WDM of the NSE Limited
Debenture Trustee
Catalyst Trusteeship Limited
Registrar & Transfer Agent
Link Intime India Private Limited

Disclaimer:

This document does not constitute an offer or recommendation to buy or sell any products or services. The recipients should not act and rely on the information/ data contained in this document for making any investment / any other decision. IndiaBonds does not explicitly or implicitly guarantee that information/ data contained herein is complete or accurate in all respects as of date hereof or that it will continue to be complete and accurate in future. IndiaBonds have taken selective data/extracts from the source document at its own discretion. IndiaBonds, Its directors, employees and representatives shall not be responsible to any person relying on this document in any manner.

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Note: The listed products and their price or yield are subject to availability and market cut-off times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).