Security Name: 0.00% Provident Cedar Private Limited 16 Apr 2028
ISIN:
INE0NF907023
Taxable
Tax Category
16 Apr, 2028
Maturity Date
(2 Yr 10 Mo 2 D to mature)
None
Interest Payment Frequency
Yes
NRI Eligibility
17 Oct, 2023
Allotment Date
NA
Put Date
16 Apr, 2028
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
0%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
01 Apr, 2028
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
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Security with Collateral?
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ISSUER
Provident Cedar Private Limited
PCPL and PMPL are developing a plotted residential land development project, ‘Project Soukhyam’, located at Kayarambedu, in the Kancheepuram district of Chennai, in adjoining land parcels, with a combined land area of 51.6 acres. The project was launched in March 2024 under the Group’s Purva Land vertical. The land parcels are being developed as a single project, albeit in a phased manner, and have ~1,100 units with a total saleable area of 1.37 million square feet (msf).
The ratio in FY24 is 7.26x and it was 12.11x in FY23. The company has sold 48% of the total area since its launch in March 2024. The cash flow adequacy remained adequate at ~83% (combined) as of June 2024.
Debt/EBITDA
The ratio in FY24 is 0.81x and it was 0.93x in FY23, indicating decrease in the debt level due to increase in the finance cost and losses compared to previous years.
Interest coverage ratio
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STEPS TO BUY THIS BOND
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PAN Card
Bank Account Proof
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Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE0NF907023 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 0.00% Provident Cedar Private Limited 16 Apr 2028 |
| Credit Rating |
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| BBB / Stable by ICRA |
| Coupon Frequency |
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| None |
| Face Value |
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| ₹1,00,000 |
| Coupon |
|---|
| 0.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 16/04/2028 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
