Magnite Developers Private Limited 10% 2027 Bond

ISININE0M1Q07015

MAGNITE DEVELOPERS PRIVATE LIMITED 10LOA 31MR2727 FVRS398014

Magnite Developers Private Limited is a corporate (non-PSU) issuer in the Residential, Commercial Projects sector. This directory lists 1 of its bond.

Key terms

Issue date
7 Oct 2022
Interest basis
Compounding
Instrument
Debentures
Mode of issue
Private Placement (EBP)
Sector
Residential, Commercial Projects
Issuer type
Corporate

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

What the rating means

Infomerics BBB- / Stable

BBB-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.

BBB is the lowest investment-grade tier. Repayment capacity is judged moderate: currently sufficient, but more likely to weaken if business conditions deteriorate. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: 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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