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Instrument Details

ISIN: INE860H07HG3

Face value

₹10,00,000

Coupon rate

3 MONTH T BILL

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

16 Mar 2021

Maturity Date

16 Mar 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ADITYA BIRLA FINANCE LIMITED SR L1 BR NCD 16MR23 FVRS10LAC
Aditya Birla Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE860H07HG3, with a face value of ₹10,00,000 rs on 16Mar21 to raise 500 crores. The debt instrument is issued with a coupon rate of 3 MONTH T BILL and its interest is paid Annually. 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 3MONTH T-BILL LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES L1.DATE OF MATURITY 16/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Mar21 & on NSE stock exchange on 17Mar21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 08Apr20. This issuer is formerly known as BIRLA GLOBAL FINANCE COMPANY LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Oct 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

3 MONTH T BILL

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE860H07HG3 issued by Aditya Birla Finance Limited

The instrument name of INE860H07HG3 ISIN is ADITYA BIRLA FINANCE LIMITED SR L1 BR NCD 16MR23 FVRS10LAC.
The interest earned from INE860H07HG3 bond issued by Aditya Birla Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE860H07HG3 bond issued by Aditya Birla Finance Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE860H07HG3 bond issued by Aditya Birla Finance Limited is 3 MONTH T BILL.
The INE860H07HG3 Debenture is issued by Aditya Birla Finance Limited, a Private Sector company.