Instrument Details

ISIN: INE860H08DY3

Face value

₹10,00,000

Coupon rate

8.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

165

Instrument Type

Debenture

Returns

High

Date of Issue

18 May 2017

Maturity Date

18 May 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

ADITYA BIRLA FINANCE LIMITED SR-SB1 8.5 NCD 18MY27 FVRS10LAC
Aditya Birla Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE860H08DY3, with a face value of ₹10,00,000 rs on 18May17 to raise 165 crores. The debt instrument is issued with a coupon rate of 8.50% 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 Unsecured Debenture is 8.50% UNSECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES ABFL SUB DEBT SB1 FY 2017-18. DATE OF MATURITY 18/05/2027. 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 26Feb18 & on NSE stock exchange on 23May17. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 17May17. 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
17 Jul 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
18-May-17 : Your investment
₹85,00,000
18-May-18 : Interest
₹85,00,000
18-May-19 : Interest
₹85,00,000
18-May-20 : Interest
₹85,00,000
18-May-21 : Interest
₹85,00,000
18-May-22 : Interest
₹85,00,000
18-May-23 : Interest
₹85,00,000
18-May-24 : Interest
₹85,00,000
18-May-25 : Interest
₹85,00,000
18-May-26 : Interest
₹85,00,000
18-May-27 : Interest
₹18,50,00,000
18-May-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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 INE860H08DY3 issued by Aditya Birla Finance Limited

The instrument name of INE860H08DY3 ISIN is ADITYA BIRLA FINANCE LIMITED SR-SB1 8.5 NCD 18MY27 FVRS10LAC.
The interest earned from INE860H08DY3 bond issued by Aditya Birla Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE860H08DY3 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.
This Debenture offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE860H08DY3 Debenture is issued by Aditya Birla Finance Limited, a Private Sector company.