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Instrument Details

ISIN: INE411R07145

Face value

₹10,00,000

Coupon rate

12.25%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

15

Instrument Type

Debenture

Returns

High

Date of Issue

27 May 2022

Maturity Date

27 May 2028

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB- (CARE Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

ASHV FINANCE LIMITED 12.25 NCD 27MY28 FVRS10LAC
Ashv Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE411R07145, with a face value of ₹10,00,000 rs on 27May22 to raise 15 crores. The debt instrument is issued with a coupon rate of 12.25% and its interest is paid Semi 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 12.25% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 27/05/2028.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 27May22. 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
27 Feb 2024
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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
27-May-22 : Your investment
₹61,25,000
27-Nov-22 : Interest
₹61,25,000
27-May-23 : Interest
₹61,25,000
27-Nov-23 : Interest
₹61,25,000
27-May-24 : Interest
₹61,25,000
27-Nov-24 : Interest
₹61,25,000
27-May-25 : Interest
₹61,25,000
27-Nov-25 : Interest
₹61,25,000
27-May-26 : Interest
₹61,25,000
27-Nov-26 : Interest
₹61,25,000
27-May-27 : Interest
₹61,25,000
27-Nov-27 : Interest
₹61,25,000
27-May-28 : Interest
₹17,35,00,000
27-May-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,35,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

12.25%

Returns

High

Bond Rating

BBB-

Seniority in Repayment

None

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 INE411R07145 issued by Ashv Finance Limited

The instrument name of INE411R07145 ISIN is ASHV FINANCE LIMITED 12.25 NCD 27MY28 FVRS10LAC.
The interest earned from INE411R07145 bond issued by Ashv Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE411R07145 bond issued by Ashv Finance Limited has been assigned a credit rating of BBB- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12.25%, which determines the periodic interest payments made to bondholders.
The INE411R07145 Debenture is issued by Ashv Finance Limited, a Private Sector company.
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