Instrument Details

ISIN: INE741K07439

Face value

₹10,00,000

Coupon rate

9.70%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

55.2

Instrument Type

Bond

Returns

High

Date of Issue

11 Mar 2022

Maturity Date

03 Nov 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

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

CREDITACCESS GRAMEEN LIMITED 9.70 LOA 11MR25 FVRS10LAC
Creditaccess Grameen Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE741K07439, with a face value of ₹10,00,000 rs on 11Mar22 to raise 55.2 crores. The debt instrument is issued with a coupon rate of 9.70% 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 Bond is 9.70% SECURED UNRATED UNLISTED RUPEE DENOMINATED BOND. LETTER OF ALLOTMENT.DATE OF MATURITY 11/03/2025. This instrument is issued in Others mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. 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 Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
11-Mar-22 : Your investment
₹24,25,000
11-Jun-22 : Interest
₹24,25,000
11-Sep-22 : Interest
₹24,25,000
11-Dec-22 : Interest
₹24,25,000
11-Mar-23 : Interest
₹24,25,000
11-Jun-23 : Interest
₹24,25,000
11-Sep-23 : Interest
₹24,25,000
11-Dec-23 : Interest
₹24,25,000
11-Mar-24 : Interest
₹24,25,000
11-Jun-24 : Interest
₹24,25,000
11-Sep-24 : Interest
₹24,25,000
11-Dec-24 : Interest
₹24,25,000
11-Mar-25 : Interest
₹24,25,000
11-Jun-25 : Interest
₹24,25,000
11-Sep-25 : Interest
₹1,48,194
03-Nov-25 : Interest
₹13,40,98,194
03-Nov-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,40,98,194)

Summary

Instrument Attributes

Value

Coupon Rate

9.70%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

Senior

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 INE741K07439 issued by Creditaccess Grameen Limited

The instrument name of INE741K07439 ISIN is CREDITACCESS GRAMEEN LIMITED 9.70 LOA 11MR25 FVRS10LAC.
The interest earned from INE741K07439 bond issued by Creditaccess Grameen Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE741K07439 bond issued by Creditaccess Grameen Limited does not currently have an assigned credit rating
This Bond offers a coupon rate of 9.7%, which determines the periodic interest payments made to bondholders.
The INE741K07439 Bond is issued by Creditaccess Grameen Limited, a Private Sector company.