Tata Power Renewable Energy Limited - INE607M08063

Power

corporate

Coupon Rate
7.90%
Maturity Date
28 Sep 2029
ISIN
INE607M08063copy
Face Value
₹10,00,000
About Issue
This AA rated bond from Tata Power Renewable Energy Limited, a corporate, offers a Fixed coupon of 7.9% with maturity on 28 September 2029. Issued through the Private placement as under ISIN INE607M08063, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Key Attributes
Rating
[ICRA]AA (Positive)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
29 Sep 2022
Remaining Tenure
4Y 3M
Security Name
TATA POWER RENEWABLE ENERGY LIMITED SR TPREL01 7.90 LOA 28SP29 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]AA (Positive)
Date of Rating
07 Jul 2023
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