Instrument Details

ISIN: INE08X507095

Face value

₹10,00,000

Coupon rate

15.55%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

18

Instrument Type

Debenture

Returns

High

Date of Issue

30 Jun 2022

Maturity Date

20 Jun 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

BHANIX FINANCE AND INVESTMENT LIMITED 15.55 NCD 20JU24 FVRS10LAC
Bhanix Finance And Investment Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE08X507095, with a face value of ₹10,00,000 rs on 30Jun22 to raise 18 crores. The debt instrument is issued with a coupon rate of 15.55% 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 15.55% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES . DATE OF MATURITY 20/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding 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 30Jun22. This issuer is formerly known as BHANIX FINANCE AND INVESTMENT 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 Mar 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
30-Jun-22 : Your investment
₹38,87,500
30-Sep-22 : Interest
₹38,87,500
30-Dec-22 : Interest
₹38,87,500
30-Mar-23 : Interest
₹38,87,500
30-Jun-23 : Interest
₹38,87,500
30-Sep-23 : Interest
₹38,87,500
30-Dec-23 : Interest
₹38,87,500
30-Mar-24 : Interest
₹10,15,069
20-Jun-24 : Interest
₹12,82,27,569
20-Jun-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,82,27,569)

Summary

Instrument Attributes

Value

Coupon Rate

15.55%

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
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE08X507095 issued by Bhanix Finance And Investment Limited

The instrument name of INE08X507095 ISIN is BHANIX FINANCE AND INVESTMENT LIMITED 15.55 NCD 20JU24 FVRS10LAC.
The interest earned from INE08X507095 bond issued by Bhanix Finance And Investment Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE08X507095 bond issued by Bhanix Finance And Investment 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 15.55%, which determines the periodic interest payments made to bondholders.
The INE08X507095 Debenture is issued by Bhanix Finance And Investment Limited, a Private Sector company.