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Renew Akshay Urja Limited 8.65% 2027 Bond

ISININE558T07024

RENEW AKSHAY URJA LIMITED SR-2 8.65 NCD 30SP27 FVRS320000

Renew Akshay Urja Limited is a corporate (non-PSU) issuer in the Electric Utilities sector. This directory lists 3 of its bonds.

Key terms

Issue date
26 Sept 2017
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Series
SERIES 2
Sector
Electric Utilities
Issuer type
Corporate

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

What the rating means

CARE AA+ / Stable (CE)India Ratings AA+ / Stable (CE)

AA+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.

AA-grade bonds are judged to have a very strong capacity to repay, only marginally weaker than AAA. They are considered high safety, with low sensitivity to adverse business or economic conditions. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: CARE AA+(CE)/Stable;IND AA+(CE)/Stable

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

Price, yield & cashflows

At face value this bond yields 8.93% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

41 scheduled payments through 30 Sept 2027; final payment ₹3,26,920 per bond.

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Available on Grip

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