Instrument Details

ISIN: INE516Q07432

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

75

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

09 Nov 2021

Maturity Date

05 Sep 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

ASIRVAD MICRO FINANCE LIMITED BR SR 1TO1000 NCD 09MY24 FVRS10LAC
Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q07432, with a face value of ₹10,00,000 rs on 09Nov21 to raise 75 crores. The debt instrument is issued with a coupon rate of GSEC LINKED and its interest is paid on Maturity. 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 GSEC LINKED SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE. SERIES 1 TO1000.DATE OF MATURITY 09/05/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Nov21. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 27Oct21. 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
PP-MLD AA-
check
Date Verified
07 Feb 2023
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD AA-

Seniority in Repayment

Senior

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 INE516Q07432 issued by Asirvad Micro Finance Limited

The instrument name of INE516Q07432 ISIN is ASIRVAD MICRO FINANCE LIMITED BR SR 1TO1000 NCD 09MY24 FVRS10LAC.
The interest earned from the INE516Q07432 bond issued by Asirvad Micro Finance Limited is paid at the time of maturity
This INE516Q07432 bond issued by Asirvad Micro Finance Limited has been assigned a credit rating of PP-MLD AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE516Q07432 bond issued by Asirvad Micro Finance Limited is GSEC LINKED.
The INE516Q07432 Debenture is issued by Asirvad Micro Finance Limited, a Private Sector company.