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Instrument Details

ISIN: INE535H07BR1

Face value

₹10,00,000

Coupon rate

7.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Medium

Date of Issue

28 Jul 2022

Maturity Date

28 Jul 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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

FULLERTON INDIA CREDIT COMPANY LTD SR 97 7.90 NCD 28JL25 FVRS10LAC
Fullerton India Credit Company Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE535H07BR1, with a face value of ₹10,00,000 rs on 28Jul22 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.90% 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 7.90% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 97. DATE OF MATURITY 28/07/2025.. 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 01Aug22. ICRA LIMITED has given AAA rating to this Debenture on 13Jun24. This issuer is formerly known as FIRST INDIA CREDIT CORPORATION LTD, DOVE 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
AAA
Highest Safety
AAA
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Date Verified
14 Jun 2024
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Outlook
Stable
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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
28-Jul-22 : Your investment
₹79,00,000
28-Jul-23 : Interest
₹79,00,000
28-Jul-24 : Interest
₹79,00,000
28-Jul-25 : Interest
₹12,37,00,000
28-Jul-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,37,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.90%

Returns

Medium

Bond Rating

AAA

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

FAQs about INE535H07BR1 issued by Fullerton India Credit Company Ltd

The instrument name of INE535H07BR1 ISIN is FULLERTON INDIA CREDIT COMPANY LTD SR 97 7.90 NCD 28JL25 FVRS10LAC.
The interest earned from INE535H07BR1 bond issued by Fullerton India Credit Company Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE535H07BR1 bond issued by Fullerton India Credit Company Ltd has been assigned a credit rating of AAA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.9%, which determines the periodic interest payments made to bondholders.
The INE535H07BR1 Debenture is issued by Fullerton India Credit Company Ltd, a Private Sector company.
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