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Instrument Details

ISIN: INE818W08024

Face value

₹10,00,000

Coupon rate

11.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Bond

Returns

High

Date of Issue

28 Mar 2018

Maturity Date

28 Mar 2025

Perpetual

Yes

Listing Status

Listed

Rating status

A (CARE 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

ESAF SMALL FINANCE BANK LIMITED SR-II 11.5 LOA 28MR25 FVRS10LAC
Esaf Small Finance Bank Limited, a Other Bank company, has floated Bond, having ISIN value as INE818W08024, with a face value of ₹10,00,000 rs on 28Mar18 to raise 20 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Unsecured Bond is 11.50% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. ESFB TIER II SERIES 2017-18. LETTER OF ALLOTMENT. DATE OF MATURITY 28/03/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 12Apr18. CARE RATINGS LIMITED has given A rating to this Bond on 28Mar18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
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Date Verified
05 Jul 2024
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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
28-Mar-18 : Your investment
₹57,50,000
28-Sep-18 : Interest
₹57,50,000
28-Mar-19 : Interest
₹57,50,000
28-Sep-19 : Interest
₹57,50,000
28-Mar-20 : Interest
₹57,50,000
28-Sep-20 : Interest
₹57,50,000
28-Mar-21 : Interest
₹57,50,000
28-Sep-21 : Interest
₹57,50,000
28-Mar-22 : Interest
₹57,50,000
28-Sep-22 : Interest
₹57,50,000
28-Mar-23 : Interest
₹57,50,000
28-Sep-23 : Interest
₹57,50,000
28-Mar-24 : Interest
₹57,50,000
28-Sep-24 : Interest
₹57,50,000
28-Mar-25 : Interest
₹18,05,00,000
28-Mar-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,05,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

A

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Other Bank
Head Office
HEAD OFFICE
Thrissur
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE818W08024 issued by Esaf Small Finance Bank Limited

The instrument name of INE818W08024 ISIN is ESAF SMALL FINANCE BANK LIMITED SR-II 11.5 LOA 28MR25 FVRS10LAC.
The interest earned from INE818W08024 bond issued by Esaf Small Finance Bank Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE818W08024 bond issued by Esaf Small Finance Bank Limited has been assigned a credit rating of A by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 11.5%, which determines the periodic interest payments made to bondholders.
The INE818W08024 Bond is issued by Esaf Small Finance Bank Limited, a Private Sector company.
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