Instrument Details

ISIN: INE00ZD07587

Face value

₹10,00,000

Coupon rate

NIFTY 50 INDEX

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.6

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

23 Jun 2022

Maturity Date

17 Feb 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 28 BR NCD 17FB24 FVRS10LAC
Abans Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE00ZD07587, with a face value of ₹10,00,000 rs on 23Jun22 to raise 0.6 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX 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 DEBENTURE. SERIES 28. DATE OF MATURITY 17/02/2024.. 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 20Oct22. 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+
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Date Verified
09 Oct 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 50 INDEX

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 INE00ZD07587 issued by Abans Finance Private Limited

The instrument name of INE00ZD07587 ISIN is ABANS FINANCE PRIVATE LIMITED SR 28 BR NCD 17FB24 FVRS10LAC.
The interest earned from the INE00ZD07587 bond issued by Abans Finance Private Limited is paid at the time of maturity
This INE00ZD07587 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 INE00ZD07587 bond issued by Abans Finance Private Limited is NIFTY 50 INDEX.
The INE00ZD07587 Debenture is issued by Abans Finance Private Limited, a Private Sector company.