{"id":3758,"date":"2022-04-05T10:01:32","date_gmt":"2022-04-05T10:01:32","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=3758"},"modified":"2026-04-07T10:39:45","modified_gmt":"2026-04-07T10:39:45","slug":"secured-and-senior-bond-from-up-power-march-2022-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/","title":{"rendered":"SECURED AND SENIOR BOND FROM UP POWER, MARCH 2022, SHOULD YOU INVEST?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Bond_overview\" >Bond overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#INVEST_NOW\" >INVEST NOW\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Redemption\" >Redemption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Tenure\" >Tenure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Investment_Process_for_UPPCL\" >Investment Process for UPPCL<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Issue_Analysis\" >Issue Analysis\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Pros\" >Pros\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Cons\" >Cons<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Default_Interest_Rate\" >Default Interest Rate<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Including_but_not_restricted_to_the_following\" >Including but not restricted to the following:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Company_overview\" >Company overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Cash_flow_last_2_years\" >Cash flow last 2 years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Key_Highlights\" >Key Highlights\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/up-power\/secured-and-senior-bond-from-up-power-march-2022-should-you-invest\/#Strengths\" >Strengths\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><strong>Bond overview\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UP Power Corporation Limited<\/span> <span style=\"font-weight: 400;\">has raised Rs 2000 Cr by issuing A+ (CE) rated <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">bonds<\/a> through Private Placement from 29 March 2022. They are being issued in eight different sub-series. The coupon rate is 9.7% which is much higher than FD rates. They come with different tenures ranging from 3 years to 10 years, with each series having equal quarterly redemption.\u00a0<a href=\"https:\/\/goldenpi.com\/blog\/essentials\/the-role-of-a-debenture-trustee-in-bond-issuances\/\">Debenture<\/a> Trustee <\/span><span style=\"font-weight: 400;\">Beacon Trusteeship Limited<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">Beetal Financial &amp; Computer Services Private Limited<\/span><span style=\"font-weight: 400;\"> is the Registrar and Transfer Agent of the issue.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3777\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-1024x583.png\" alt=\"Bond overview for secured and senior bond\" width=\"730\" height=\"416\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-1024x583.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-300x171.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-768x438.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-1536x875.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-2048x1167.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-1170x667.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-1920x1094.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05091942\/Screenshot-2022-04-05-at-2.41.41-PM-585x333.png 585w\" sizes=\"(max-width: 730px) 100vw, 730px\" \/><\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"INVEST_NOW\"><\/span><span style=\"color: #004f98;\"><strong><a style=\"color: #004f98;\" href=\"https:\/\/goldenpi.com\/bonds\/INE540P07434\/up-power-corporation-limited-97-bond-yield?src=preview&amp;utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=uppower22\">INVEST NOW\u00a0<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Redemption\"><\/span><strong>Redemption<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The issue of Rs. 2,000 crores (plus green-shoe option for an aggregate amount of up to Rs. 8,000 <\/span><span style=\"font-weight: 400;\">crores) comprises of 8 Sub-Series (A to H) as mentioned above of sequentially, redeemable <a href=\"https:\/\/goldenpi.com\/collections\/tax-free-bonds\">bonds<\/a> in equal quarterly amounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each of the Sub-Series \u2018A\u2019 to Sub-Series \u2018H\u2019 would be redeemable in 4 equal quarterly installments of 3.125% (Rs. 62.50 <\/span><span style=\"font-weight: 400;\">crores <\/span><span style=\"font-weight: 400;\">considering the base issue size) of the aggregate issue size, with <\/span><span style=\"font-weight: 400;\">the<\/span> <span style=\"font-weight: 400;\">redemption of Sub-Series \u2018A\u2019 commencing from the end of 9<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> quarter, Sub-Series \u2018B\u2019 commencing from the end of 13<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> quarter and so on.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tenure\"><\/span><strong>Tenure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Series A to H, for tenor 3 years to 10 years, with equal quarterly redemption in each Series, with the first redemption scheduled in the 9<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> quarter.<\/span><img decoding=\"async\" class=\"alignnone wp-image-3769\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-1024x262.png\" alt=\"Tenure for secured and senior bond\" width=\"715\" height=\"183\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-1024x262.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-300x77.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-768x197.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-1536x393.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-1170x300.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM-585x150.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085619\/Screenshot-2022-04-05-at-2.14.05-PM.png 1546w\" sizes=\"(max-width: 715px) 100vw, 715px\" \/><b><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_UPPCL\"><\/span><b>Investment Process for <\/b><b>UPPCL<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3778\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-1024x604.jpeg\" alt=\"Investment Process for UPPCL\" width=\"712\" height=\"420\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-1024x604.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-300x177.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-768x453.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-1536x906.jpeg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-2048x1208.jpeg 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-1170x690.jpeg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-1920x1133.jpeg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05095235\/UPPower-3-2-585x345.jpeg 585w\" sizes=\"(max-width: 712px) 100vw, 712px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Note : <\/span><span style=\"font-weight: 400;\">Place your order through <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> and settle your amount by RTGS\u00a0 to ICCL before 1 pm.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_Analysis\"><\/span><b>Issue Analysis\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Pros\"><\/span><b>Pros\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCDs are A+ (CE) rated securities. A+rated securities fall into the category of investment grade hence underlying credit risk is assumed to be quite low.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coupon rate is 9.70% that is much higher than (3 to 4%)\u00a0 <a href=\"https:\/\/goldenpi.com\/fixed-deposits\">FD<\/a> rates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All the series are fully secured by the budgetary allocation of the Government of Uttar Pradesh.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To service this <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/debt-management-what-to-do-without-impacting-your-investments\/\">debt<\/a> instrument, 20 crores is escrowed everyday as electricity receivables from discoms.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cons\"><\/span><b>Cons<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negative cash flow from operating activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fiscal Deficit of Uttar Pradesh is budgeted at 34.20% in FY22, stating state\u2019s high debt burden.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High losses due to collection inefficiency.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Default_Interest_Rate\"><\/span><strong>Default Interest Rate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Including_but_not_restricted_to_the_following\"><\/span><b>Including but not restricted to the following:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In case of default in payment of interest and\/or principal redemption on the due dates, additional interest of @ 2% p.a. over the Coupon Rate will be payable by the issuer for the defaulting period on defaulted amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the event the security stipulated is not created and perfected within the timelines as stipulated in the column titled \u2018Security\u2019, additional interest of 1% (one percent) per annum or such higher rate as may be prescribed by law, shall be payable on the principal amount of the Debt Securities till the date of perfection of the security interest.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In case of delay in listing beyond 4 (four) Business Days from the Issue Closing Date, the Company will pay additional interest of 1% p.a. over the Coupon Rate to the Debenture Holders from the deemed date of allotment till the listing of Debt Securities. Further, the Company shall be permitted to utilise proceeds of its subsequent two privately placed issues, only after receiving final listing approval from the <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/stocks-might-be-eye-catchy-bonds-are-relaxing-though\/\">Stock<\/a> Exchange.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Company_overview\"><\/span><strong>Company overview\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Run by approximately 34000 employees, UPPCL is responsible for electricity transmission and distribution within the state of Uttar Pradesh. Power sector reforms and restructuring in UP led to the creation of UPPCL in January 2000. UPPCL became an independent government company in 2007 from Uttar Pradesh Power Transmission Company Ltd. The five discoms under UPPCL include Dakshinanchal Vidyut Vitran Nigam Ltd (Agra discom), Madhyanchal Vidyut Vitran Nigam Ltd (Lucknow discom), Purvanchal Vidyut Vitran Nigam Ltd (Varanasi discom), Paschimanchal Vidyut Vitran Nigam Ltd (Meerut discom), and Kanpur Electricity Supply Company.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><strong>Financial Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3765\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-1024x303.png\" alt=\"Financial Overview for secured and senior bond\" width=\"985\" height=\"292\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-1024x303.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-300x89.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-768x227.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-1536x454.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-2048x606.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-1170x346.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-1920x568.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05084724\/Screenshot-2022-04-05-at-1.52.29-PM-1-585x173.png 585w\" sizes=\"(max-width: 985px) 100vw, 985px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cash_flow_last_2_years\"><\/span><b>Cash flow last 2 years<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3768\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-1024x201.png\" alt=\"Cash Flow for secured and senior bond\" width=\"694\" height=\"136\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-1024x201.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-300x59.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-768x151.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-1536x301.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-1170x230.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM-585x115.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085428\/Screenshot-2022-04-05-at-2.20.15-PM.png 1876w\" sizes=\"(max-width: 694px) 100vw, 694px\" \/><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">\u00a0*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">\u00a0**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like\u00a0 purchase of assets, sales of securities etc.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">\u00a0 ***Cash flow from financing activities gives an insight into the financial stability of a company to its investors.\u00a0<\/span><span style=\"font-weight: 400;\">It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3771 size-large\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-1024x634.png\" alt=\"Ratio Analysis for secured and senior bond\" width=\"1024\" height=\"634\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-1024x634.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-300x186.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-768x476.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-1536x951.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-2048x1268.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-1170x724.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-1920x1189.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/05085832\/Screenshot-2022-04-05-at-10.32.1-2-585x362.png 585w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><b>Key Highlights\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer base \u2013 3 Crore.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Connection Load- 37,000 MW.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Energy Sales- 55,000 MU per year.<\/span><\/li>\n<\/ul>\n<h2 style=\"letter-spacing: normal;\"><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li aria-level=\"1\">Backed by Government of Uttar Pradesh.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">Bond issuance to have additional cushion of budgetary allocation from the Govt of Uttar Pradesh covering the entire debt segment.<\/li>\n<li aria-level=\"1\">Uttar Pradesh being the 3rd largest state, has revenue surplus revenues since 2017.<\/li>\n<\/ul>\n<p style=\"text-align: center;\">\u00a0 \u00a0 \u00a0<span style=\"color: #004f98;\"> <a style=\"color: #004f98;\" href=\"https:\/\/goldenpi.com\/collections\/state-government-guranteed-bonds\"><b>Find Right Bonds According to your Financial Needs | GoldenPi<\/b><\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bond overview\u00a0 UP Power Corporation Limited has raised Rs 2000 Cr by issuing A+ (CE) rated bonds through Private Placement from 29&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[167],"tags":[],"class_list":["post-3758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-up-power"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SECURED AND SENIOR BOND FROM UP POWER, MARCH 2022, SHOULD YOU INVEST? 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