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Steel Exchange India Limited 12% 2030 Bond

ISININE503B07044

STEEL EXCHANGE INDIA LIMITED 12 NCD 06OT30 FVRS518700

Steel Exchange India Limited is a listed issuer in the Iron & Steel sector. This directory lists 1 of its bond.

Key terms

Issue date
28 Jan 2021
Interest basis
Compounding
Instrument
Debentures
Mode of issue
Private Placement (EBP)
Sector
Iron & Steel

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

CARE BB+ / StableInfomerics BBB- / Stable

BB+most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

BB and below are non-investment-grade ('high yield'). A BB rating signals moderate risk of default: the issuer's capacity to repay is uncertain and depends on a favourable environment. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: CARE BB+/Stable;IVR BBB-/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

This bond is disclosed with compounding interest alongside a periodic payout frequency; the disclosures conflict, so we do not model its cashflows.

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