Instrument Details

ISIN: INE516Q08372

Face value

₹1,00,000

Coupon rate

13.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

31 Dec 2021

Maturity Date

31 Dec 2027

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

ASIRVAD MICRO FINANCE LIMITED 13.50 NCD 31DC27 FVRS1LAC
Asirvad Micro Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE516Q08372, with a face value of ₹1,00,000 rs on 31Dec21 to raise 50 crores. The debt instrument is issued with a coupon rate of 13.50% and its interest is paid Monthly. 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 Unsecured Debenture is 13.5% UNSECURED RATED UNLISTED SUBORDINATED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 31/12/2027. 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. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 20Dec21. 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
04 Jan 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
31-Dec-21 : Your investment
₹1,12,500
31-Jan-22 : Interest
₹1,12,500
03-Mar-22 : Interest
₹1,12,500
03-Apr-22 : Interest
₹1,12,500
03-May-22 : Interest
₹1,12,500
03-Jun-22 : Interest
₹1,12,500
03-Jul-22 : Interest
₹1,12,500
03-Aug-22 : Interest
₹1,12,500
03-Sep-22 : Interest
₹1,12,500
03-Oct-22 : Interest
₹1,12,500
03-Nov-22 : Interest
₹1,12,500
03-Dec-22 : Interest
₹1,12,500
03-Jan-23 : Interest
₹1,12,500
03-Feb-23 : Interest
₹1,12,500
03-Mar-23 : Interest
₹1,12,500
03-Apr-23 : Interest
₹1,12,500
03-May-23 : Interest
₹1,12,500
03-Jun-23 : Interest
₹1,12,500
03-Jul-23 : Interest
₹1,12,500
03-Aug-23 : Interest
₹1,12,500
03-Sep-23 : Interest
₹1,12,500
03-Oct-23 : Interest
₹1,12,500
03-Nov-23 : Interest
₹1,12,500
03-Dec-23 : Interest
₹1,12,500
03-Jan-24 : Interest
₹1,12,500
03-Feb-24 : Interest
₹1,12,500
03-Mar-24 : Interest
₹1,12,500
03-Apr-24 : Interest
₹1,12,500
03-May-24 : Interest
₹1,12,500
03-Jun-24 : Interest
₹1,12,500
03-Jul-24 : Interest
₹1,12,500
03-Aug-24 : Interest
₹1,12,500
03-Sep-24 : Interest
₹1,12,500
03-Oct-24 : Interest
₹1,12,500
03-Nov-24 : Interest
₹1,12,500
03-Dec-24 : Interest
₹1,12,500
03-Jan-25 : Interest
₹1,12,500
03-Feb-25 : Interest
₹1,12,500
03-Mar-25 : Interest
₹1,12,500
03-Apr-25 : Interest
₹1,12,500
03-May-25 : Interest
₹1,12,500
03-Jun-25 : Interest
₹1,12,500
03-Jul-25 : Interest
₹1,12,500
03-Aug-25 : Interest
₹1,12,500
03-Sep-25 : Interest
₹1,12,500
03-Oct-25 : Interest
₹1,12,500
03-Nov-25 : Interest
₹1,12,500
03-Dec-25 : Interest
₹1,12,500
03-Jan-26 : Interest
₹1,12,500
03-Feb-26 : Interest
₹1,12,500
03-Mar-26 : Interest
₹1,12,500
03-Apr-26 : Interest
₹1,12,500
03-May-26 : Interest
₹1,12,500
03-Jun-26 : Interest
₹1,12,500
03-Jul-26 : Interest
₹1,12,500
03-Aug-26 : Interest
₹1,12,500
03-Sep-26 : Interest
₹1,12,500
03-Oct-26 : Interest
₹1,12,500
03-Nov-26 : Interest
₹1,12,500
03-Dec-26 : Interest
₹1,12,500
03-Jan-27 : Interest
₹1,12,500
03-Feb-27 : Interest
₹1,12,500
03-Mar-27 : Interest
₹1,12,500
03-Apr-27 : Interest
₹1,12,500
03-May-27 : Interest
₹1,12,500
03-Jun-27 : Interest
₹1,12,500
03-Jul-27 : Interest
₹1,12,500
03-Aug-27 : Interest
₹1,12,500
03-Sep-27 : Interest
₹1,12,500
03-Oct-27 : Interest
₹1,12,500
03-Nov-27 : Interest
₹1,12,500
03-Dec-27 : Interest
₹13,125
31-Dec-27 : Interest
₹13,125
31-Dec-27 : Interest
₹1,80,13,750
31-Dec-27 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹80,13,750)

Summary

Instrument Attributes

Value

Coupon Rate

13.50%

Returns

High

Bond Rating

AA-

Seniority in Repayment

Subordinate Tier 2

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 INE516Q08372 issued by Asirvad Micro Finance Limited

The instrument name of INE516Q08372 ISIN is ASIRVAD MICRO FINANCE LIMITED 13.50 NCD 31DC27 FVRS1LAC.
The interest earned from INE516Q08372 bond issued by Asirvad Micro Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE516Q08372 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 13.5%, which determines the periodic interest payments made to bondholders.
The INE516Q08372 Debenture is issued by Asirvad Micro Finance Limited, a Private Sector company.