Instrument Details

ISIN: INE998Y07113

Face value

₹10,000

Coupon rate

11.26%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

05 Aug 2022

Maturity Date

08 May 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB (CARE 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

BERAR FINANCE LIMITED SR 1 11.26 NCD 05AG24 FVRS10000
Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07113, with a face value of ₹10,000 rs on 05Aug22 to raise 25 crores. The debt instrument is issued with a coupon rate of 11.26% 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 11.26% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES - 1. DATE OF MATURITY 05/08/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB rating to this Debenture on 01Aug22. This issuer is formerly known as BERAR 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
BBB
Moderately Safe
BBB
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Date Verified
31 Aug 2023
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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
₹10,000
Lot Size
100
Minimum Investment
₹10,00,000

Cashflow

₹10,00,000
05-Aug-22 : Your investment
₹56,300
05-Feb-23 : Interest
₹56,300
05-Aug-23 : Interest
₹56,300
05-Feb-24 : Interest
₹3,753
08-May-24 : Interest
₹11,72,653
08-May-24 : Maturity amount (Investment: ₹10,00,000, Interest earned: ₹1,72,653)

Summary

Instrument Attributes

Value

Coupon Rate

11.26%

Returns

High

Bond Rating

BBB

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE998Y07113 issued by Berar Finance Limited

The instrument name of INE998Y07113 ISIN is BERAR FINANCE LIMITED SR 1 11.26 NCD 05AG24 FVRS10000.
The interest earned from INE998Y07113 bond issued by Berar Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE998Y07113 bond issued by Berar 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 11.26%, which determines the periodic interest payments made to bondholders.
The INE998Y07113 Debenture is issued by Berar Finance Limited, a Private Sector company.