The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE00ZD07553

Face value

₹10,00,000

Coupon rate

NIFTY 50 INDEX LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

1.5

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

16 Feb 2022

Maturity Date

14 Apr 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD BBB+ (Acuite Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ABANS FINANCE PRIVATE LIMITED SR 25 BR NCD 14AP24 FVRS10LAC
Abans Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00ZD07553, with a face value of ₹10,00,000 rs on 16Feb22 to raise 1.5 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX LINKED and its interest is paid on Maturity. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is NIFTY 50 INDEX LINKED SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 25.DATE OF MATURITY 14/04/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Mar22. Acuite Ratings And Research Limited has given PP-MLD BBB+ rating to this Debenture on 29Nov21. This issuer is formerly known as ABANS FINANCE LIMITED, SOFED COMTRADE LIMITED, SOFED COMTRADE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
PP-MLD BBB+
check
Date Verified
09 Oct 2023
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 50 INDEX LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD BBB+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE00ZD07553 issued by Abans Finance Private Limited

The instrument name of INE00ZD07553 ISIN is ABANS FINANCE PRIVATE LIMITED SR 25 BR NCD 14AP24 FVRS10LAC.
The interest earned from the INE00ZD07553 bond issued by Abans Finance Private Limited is paid at the time of maturity
This INE00ZD07553 bond issued by Abans Finance Private Limited has been assigned a credit rating of PP-MLD BBB+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE00ZD07553 bond issued by Abans Finance Private Limited is NIFTY 50 INDEX LINKED.
The INE00ZD07553 Debenture is issued by Abans Finance Private Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow