Instrument Details

ISIN: INE746T07124

Face value

₹10,00,000

Coupon rate

14.39%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

05 Oct 2020

Maturity Date

30 Jun 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

BB+ (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ASA INTERNATIONAL INDIA MICROFINANCE LIMITED SR A 14.39 NCD 30JU22 FVRS10LAC
Asa International India Microfinance Limited, a Finance company, has floated Debenture, having ISIN value as INE746T07124, with a face value of ₹10,00,000 rs on 05Oct20 to raise 25 crores. The debt instrument is issued with a coupon rate of 14.39% and its interest is paid Quarterly. 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 14.39% SECURED RATED UNLISTED SENIOR TAXABLE TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A.DATE OF MATURITY 30/06/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BB+ rating to this Debenture on 04Jan23. This issuer is formerly known as ASA INTERNATIONAL INDIA MICROFINANCE PRIVATE LIMITED, DILKUSHA HIRE PURCHASE 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
BB
Moderate Risk
BB+
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Date Verified
05 Jan 2023
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Outlook
Negative
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Seniority in Repayment
None
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Security
Secured
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
05-Oct-20 : Your investment
₹35,97,500
05-Jan-21 : Interest
₹35,97,500
05-Apr-21 : Interest
₹35,97,500
05-Jul-21 : Interest
₹35,97,500
05-Oct-21 : Interest
₹35,97,500
05-Jan-22 : Interest
₹35,97,500
05-Apr-22 : Interest
₹10,19,291
30-Jun-22 : Interest
₹12,26,04,291
30-Jun-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,26,04,291)

Summary

Instrument Attributes

Value

Coupon Rate

14.39%

Returns

High

Bond Rating

BB+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Jalandhar
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE746T07124 issued by Asa International India Microfinance Limited

The instrument name of INE746T07124 ISIN is ASA INTERNATIONAL INDIA MICROFINANCE LIMITED SR A 14.39 NCD 30JU22 FVRS10LAC.
The interest earned from INE746T07124 bond issued by Asa International India Microfinance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE746T07124 bond issued by Asa International India Microfinance Limited has been assigned a credit rating of BB+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 14.39%, which determines the periodic interest payments made to bondholders.
The INE746T07124 Debenture is issued by Asa International India Microfinance Limited, a Private Sector company.