Instrument Details

ISIN: INE377Y07177

Face value

₹10,00,000

Coupon rate

5.85%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Medium

Date of Issue

25 Sep 2020

Maturity Date

25 Sep 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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

BAJAJ HOUSING FINANCE LIMITED 5.850 NCD 25SP23 FVRS10LAC
Bajaj Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE377Y07177, with a face value of ₹10,00,000 rs on 25Sep20 to raise 200 crores. The debt instrument is issued with a coupon rate of 5.85% and its interest is paid 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 5.850% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 25/09/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 01Oct20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 02Sep20. This issuer is formerly known as BAJAJ FINACIAL SOLUTIONS 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
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
25-Sep-20 : Your investment
₹58,50,000
25-Sep-21 : Interest
₹58,50,000
25-Sep-22 : Interest
₹58,50,000
25-Sep-23 : Interest
₹11,75,50,000
25-Sep-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,75,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.85%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE377Y07177 issued by Bajaj Housing Finance Limited

The instrument name of INE377Y07177 ISIN is BAJAJ HOUSING FINANCE LIMITED 5.850 NCD 25SP23 FVRS10LAC.
The interest earned from INE377Y07177 bond issued by Bajaj Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE377Y07177 bond issued by Bajaj Housing Finance Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.85%, which determines the periodic interest payments made to bondholders.
The INE377Y07177 Debenture is issued by Bajaj Housing Finance Limited, a Private Sector company.