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Instrument Details

ISIN: INE121A07QH4

Face value

₹10,00,000

Coupon rate

6.30%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Medium

Date of Issue

29 Dec 2021

Maturity Date

27 Dec 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

Senior

Guarantee Type

Non Convertible

About this Bond

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR 613 6.30 NCD 27DC24 FVRS10LAC
Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07QH4, with a face value of ₹10,00,000 rs on 29Dec21 to raise 500 crores. The debt instrument is issued with a coupon rate of 6.30% 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 6.30% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES 613. DATE OF MATURITY 27/12/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 03Jan22. ICRA LIMITED has given AA+ rating to this Debenture on 07Oct24. 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
08 Oct 2024
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Outlook
Positive
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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
29-Dec-21 : Your investment
₹63,00,000
29-Dec-22 : Interest
₹63,00,000
29-Dec-23 : Interest
₹62,82,739
27-Dec-24 : Interest
₹11,88,82,739
27-Dec-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,88,82,739)

Summary

Instrument Attributes

Value

Coupon Rate

6.30%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

Senior

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE121A07QH4 issued by Cholamandalam Investment And Fin. Co. Ltd

The instrument name of INE121A07QH4 ISIN is CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR 613 6.30 NCD 27DC24 FVRS10LAC.
The interest earned from INE121A07QH4 bond issued by Cholamandalam Investment And Fin. Co. Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE121A07QH4 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.
This Debenture offers a coupon rate of 6.3%, which determines the periodic interest payments made to bondholders.
The INE121A07QH4 Debenture is issued by Cholamandalam Investment And Fin. Co. Ltd, a Private Sector company.
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