Instrument Details

ISIN: INE516Q07309

Face value

₹3,33,330

Coupon rate

11.25%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

16.6666666

Instrument Type

Debenture

Returns

High

Date of Issue

22 Jun 2020

Maturity Date

21 Apr 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CRISIL 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

ASIRVAD MICRO FINANCE LIMITED SR 1-500 11.25 NCD 21AP23 FVRS333334
Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07309, with a face value of ₹3,33,330 rs on 22Jun20 to raise 16.6666666 crores. The debt instrument is issued with a coupon rate of 11.25% 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 11.25% SECURED RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES. SERIES 1-500. DATE OF MATURITY 21/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 26Jun20. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 27Apr20. This issuer is formerly known as ASIRVAD MICRO FINANCE 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
AA
High Safety
AA-
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Date Verified
28 Feb 2022
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Outlook
Stable
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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
₹3,33,330
Lot Size
100
Minimum Investment
₹3,33,33,000

Cashflow

₹3,33,33,000
22-Jun-20 : Your investment
₹9,37,490
22-Sep-20 : Interest
₹9,37,490
22-Dec-20 : Interest
₹9,37,490
22-Mar-21 : Interest
₹9,37,490
22-Jun-21 : Interest
₹9,37,490
22-Sep-21 : Interest
₹9,37,490
22-Dec-21 : Interest
₹9,37,490
22-Mar-22 : Interest
₹9,37,490
22-Jun-22 : Interest
₹9,37,490
22-Sep-22 : Interest
₹9,37,490
22-Dec-22 : Interest
₹9,37,490
22-Mar-23 : Interest
₹4,36,45,396
21-Apr-23 : Maturity amount (Investment: ₹3,33,33,000, Interest earned: ₹1,03,12,396)

Summary

Instrument Attributes

Value

Coupon Rate

11.25%

Returns

High

Bond Rating

AA-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE516Q07309 issued by Asirvad Micro Finance Limited

The instrument name of INE516Q07309 ISIN is ASIRVAD MICRO FINANCE LIMITED SR 1-500 11.25 NCD 21AP23 FVRS333334.
The interest earned from INE516Q07309 bond issued by Asirvad Micro Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE516Q07309 bond issued by Asirvad Micro Finance Limited has been assigned a credit rating of AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.25%, which determines the periodic interest payments made to bondholders.
The INE516Q07309 Debenture is issued by Asirvad Micro Finance Limited, a Private Sector company.