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Security Name: 8.70% Adani Energy Solutions Limited 28 Aug 2034

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ISIN:
INE931S08023
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Taxable

Tax Category

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28 Aug, 2034

Maturity Date
(9 Yr 6 Mo 2 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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27 Aug, 2024

Allotment Date

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NA

Put Date

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27 Aug, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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8.7%

Coupon

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Fixed Interest

Coupon Basis

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8.5294%

Current Yield

YOUR EARNING

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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AA + /Stable
IND
AA + /Stable
CRISIL
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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.

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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.

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Interest coverage ratio

Recent News
News Thumbnail
Adani Energy completes acquisition of ₹4,091 crore Khavda Transmission Project

Sep 09, 2024 | Adani Energy Solutions Limited

News Thumbnail
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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At MaturityThe Issuer will return your principal and redeem the bond
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To know more about the Bond and the issuer, download the Information Memorandum.
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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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Cashflow for INE931S08023
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
8.70% Adani Energy Solutions Limited 28 Aug 2034
Credit Rating
AA + /Stable by IND
AA + /Stable by CRISIL
Coupon Frequency
Yearly
Face Value
₹1,00,000
Coupon
8.700000%
YTM or YTC
YTM
Maturity Date
28/08/2034
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Feb 25,2025
Principal Amount
₹1,02,000
Accrued Interest
₹0
Stamp Duty
₹0
Total Amount Payable
₹1,02,000
Price
₹102
Yield
0%
YearPayment DateAmountAmount after TDSPayout 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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