Instrument Details

ISIN: INE411R07111

Face value

₹1,00,000

Coupon rate

13.30%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

17

Instrument Type

Debenture

Returns

High

Date of Issue

21 Dec 2021

Maturity Date

20 Dec 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB- (Acuite Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ASHV FINANCE LIMITED 13.30 NCD 20DC24 FVRS1LAC
Ashv Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE411R07111, with a face value of ₹1,00,000 rs on 21Dec21 to raise 17 crores. The debt instrument is issued with a coupon rate of 13.30% 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 13.30% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 20/12/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. Acuite Ratings And Research Limited has given BBB- rating to this Debenture on 16Nov21. This issuer is formerly known as JAIN SONS FINLEASE 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
BBB-
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Date Verified
16 Feb 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
21-Dec-21 : Your investment
₹3,32,500
21-Mar-22 : Interest
₹3,32,500
21-Jun-22 : Interest
₹3,32,500
21-Sep-22 : Interest
₹3,32,500
21-Dec-22 : Interest
₹3,32,500
21-Mar-23 : Interest
₹3,32,500
21-Jun-23 : Interest
₹3,32,500
21-Sep-23 : Interest
₹3,32,500
21-Dec-23 : Interest
₹3,32,500
21-Mar-24 : Interest
₹3,32,500
21-Jun-24 : Interest
₹3,32,500
21-Sep-24 : Interest
₹1,38,541
20-Dec-24 : Interest
₹1,37,96,041
20-Dec-24 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹37,96,041)

Summary

Instrument Attributes

Value

Coupon Rate

13.30%

Returns

High

Bond Rating

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 INE411R07111 issued by Ashv Finance Limited

The instrument name of INE411R07111 ISIN is ASHV FINANCE LIMITED 13.30 NCD 20DC24 FVRS1LAC.
The interest earned from INE411R07111 bond issued by Ashv Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE411R07111 bond issued by Ashv Finance Limited has been assigned a credit rating of BBB- by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.3%, which determines the periodic interest payments made to bondholders.
The INE411R07111 Debenture is issued by Ashv Finance Limited, a Private Sector company.