Instrument Details

ISIN: INE741K07264

Face value

₹10,00,000

Coupon rate

10.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

80

Instrument Type

Debenture

Returns

High

Date of Issue

28 Feb 2020

Maturity Date

28 Feb 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA- (INDIA 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

CREDITACCESS GRAMEEN LIMITED 10.50 LOA 28FB23 FVRS10LAC
Creditaccess Grameen Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE741K07264, with a face value of ₹10,00,000 rs on 28Feb20 to raise 80 crores. The debt instrument is issued with a coupon rate of 10.50% 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 10.50% SECURED RATED UNLISTED SENIOR REDEEMABLE TAXABLE TRANSFERABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT.DATE OF MATURITY 28/02/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 18Mar20. This issuer is formerly known as GRAMEEN KOOTA FINANCIAL SERVICES LIMITED, GRAMEEN KOOTA FINANCIAL SERVICES PRIVATE LIMITED, GRAMEEN FINANCIAL SERVICES 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
AA
High Safety
AA-
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Date Verified
09 Mar 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
28-Feb-20 : Your investment
₹52,50,000
28-Aug-20 : Interest
₹52,50,000
28-Feb-21 : Interest
₹52,50,000
28-Aug-21 : Interest
₹52,50,000
28-Feb-22 : Interest
₹52,50,000
28-Aug-22 : Interest
₹52,50,000
28-Feb-23 : Interest
₹13,15,00,000
28-Feb-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,15,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.50%

Returns

High

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

FAQs about INE741K07264 issued by Creditaccess Grameen Limited

The instrument name of INE741K07264 ISIN is CREDITACCESS GRAMEEN LIMITED 10.50 LOA 28FB23 FVRS10LAC.
The interest earned from INE741K07264 bond issued by Creditaccess Grameen Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE741K07264 bond issued by Creditaccess Grameen Limited 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 10.5%, which determines the periodic interest payments made to bondholders.
The INE741K07264 Debenture is issued by Creditaccess Grameen Limited, a Private Sector company.