Instrument Details

ISIN: INE121A08NY4

Face value

₹10,00,000

Coupon rate

9.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

10 Nov 2016

Maturity Date

11 Oct 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR- SD48 9.2 NCD 10NV26 FVRS10LAC
Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A08NY4, with a face value of ₹10,00,000 rs on 10Nov16 to raise 10 crores. The debt instrument is issued with a coupon rate of 9.20% 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 Unsecured Debenture is 9.20% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES SD 48. DATE OF MATURITY 10/11/2026. 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 24Nov16 & on BSE stock exchange on 24Nov16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 25Oct16. 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
13 Jul 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
10-Nov-16 : Your investment
₹92,00,000
10-Nov-17 : Interest
₹92,00,000
10-Nov-18 : Interest
₹92,00,000
10-Nov-19 : Interest
₹92,00,000
10-Nov-20 : Interest
₹92,00,000
10-Nov-21 : Interest
₹92,00,000
10-Nov-22 : Interest
₹92,00,000
10-Nov-23 : Interest
₹92,00,000
10-Nov-24 : Interest
₹92,00,000
10-Nov-25 : Interest
₹84,94,246
11-Oct-26 : Interest
₹19,12,94,246
11-Oct-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,12,94,246)

Summary

Instrument Attributes

Value

Coupon Rate

9.20%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Subordinate Tier 2

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 INE121A08NY4 issued by Cholamandalam Investment And Fin. Co. Ltd

The instrument name of INE121A08NY4 ISIN is CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SR- SD48 9.2 NCD 10NV26 FVRS10LAC.
The interest earned from INE121A08NY4 bond issued by Cholamandalam Investment And Fin. Co. Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE121A08NY4 bond issued by Cholamandalam Investment And Fin. Co. Ltd has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.2%, which determines the periodic interest payments made to bondholders.
The INE121A08NY4 Debenture is issued by Cholamandalam Investment And Fin. Co. Ltd, a Private Sector company.