Security Name: 8.65% Adani Energy Solutions Limited 13 Nov 2034
ISIN:
INE931S08031
Taxable
Tax Category
13 Nov, 2034
Maturity Date
(9 Yr 8 Mo 18 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
13 Nov, 2024
Allotment Date
NA
Put Date
13 Nov, 2025
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
₹NaN
Dirty Price
8.65%
Coupon
Fixed Interest
Coupon Basis
8.6432%
Current Yield
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
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Adani Energy Solutions Limited
AESL houses the transmission & distribution business of the Adani group. Assets are housed under individual SPVs, in which the company holds a 100% stake. As of March 31, 2024, AESL had a portfolio of 26 operational transmission SPVs, nine under-construction transmission assets, distribution business in Mumbai housed under AEML (catering to 3 million customers in Mumbai city) and distribution business in Mundra special economic zone. AESL is the largest privately operating transmission line company in India. The company has also ventured into the smart meters business and has bagged nine contracts, involving installation of 22.8 million smart meters.
The ratio in FY24 is 5.13x and it was 4.43x in FY23, this indicating increase in the debt level due to significant increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 2.90x and it was 1.41x in FY23, this shows the company’s gearing ability to service its debt, due to negligible Hedging Cost (including premium / interest) which resulted in decrease in overall finance cost in FY24.
Interest coverage ratio
Recent News
Adani Energy completes acquisition of ₹4,091 crore Khavda Transmission Project
Sep 09, 2024 | Adani Energy Solutions Limited
Adani Energy Solutions shares in focus after Co wins projects worth Rs 28,455 crore
Jan 15, 2025 | Adani Energy Solutions Limited
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STEPS TO BUY THIS BOND
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PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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 INE931S08031 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 8.65% Adani Energy Solutions Limited 13 Nov 2034 |
| Credit Rating |
|---|
| AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.650000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 13/11/2034 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,00,078.1 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,00,078.1 |
| Price |
|---|
| ₹100.0781 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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.
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