Instrument Details

ISIN: INE121A07QE1

Face value

₹10,00,000

Coupon rate

3M TBILL+1.80

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

17 Aug 2021

Maturity Date

17 Aug 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR 610 BR NCD 17AG24 FVRS10LAC
Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07QE1, with a face value of ₹10,00,000 rs on 17Aug21 to raise 200 crores. The debt instrument is issued with a coupon rate of 3M TBILL+1.80 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 (3M TBILL+1.80) SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES 610. DATE OF MATURITY 17/08/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 24Aug21. ICRA LIMITED has given AA+ rating to this Debenture on 02Jan24. This issuer is formerly known as CHOLAMANDALAM DBS FINANCE 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
03 Jan 2024
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Outlook
Positive
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

3M TBILL+1.80

Returns

Linked to Markets

Bond Rating

AA+

Seniority in Repayment

None

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 INE121A07QE1 issued by Cholamandalam Investment And Fin. Co. Ltd

The instrument name of INE121A07QE1 ISIN is CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR 610 BR NCD 17AG24 FVRS10LAC.
The interest earned from INE121A07QE1 bond issued by Cholamandalam Investment And Fin. Co. Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE121A07QE1 bond issued by Cholamandalam Investment And Fin. Co. Ltd has been assigned a credit rating of AA+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE121A07QE1 bond issued by Cholamandalam Investment And Fin. Co. Ltd is 3M TBILL+1.80.
The INE121A07QE1 Debenture is issued by Cholamandalam Investment And Fin. Co. Ltd, a Private Sector company.