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Instrument Details

ISIN: INE535H08744

Face value

₹10,00,000

Coupon rate

9.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

High

Date of Issue

16 Aug 2018

Maturity Date

26 Apr 2029

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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

FULLERTON INDIA CREDIT COMPANY LTD SR-15 9.25 NCD 26AP29 FVRS10LAC
Fullerton India Credit Company Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE535H08744, with a face value of ₹10,00,000 rs on 16Aug18 to raise 200 crores. The debt instrument is issued with a coupon rate of 9.25% 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 9.25% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES 15. DATE OF MATURITY 26/04/2029. 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 31Aug18. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 10Aug18. 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
09 Mar 2022
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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
16-Aug-18 : Your investment
₹92,50,000
16-Aug-19 : Interest
₹92,50,000
16-Aug-20 : Interest
₹92,50,000
16-Aug-21 : Interest
₹92,50,000
16-Aug-22 : Interest
₹92,50,000
16-Aug-23 : Interest
₹92,50,000
16-Aug-24 : Interest
₹92,50,000
16-Aug-25 : Interest
₹92,50,000
16-Aug-26 : Interest
₹92,50,000
16-Aug-27 : Interest
₹92,50,000
16-Aug-28 : Interest
₹64,87,671
26-Apr-29 : Interest
₹19,89,87,671
26-Apr-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,89,87,671)

Summary

Instrument Attributes

Value

Coupon Rate

9.25%

Returns

High

Bond Rating

AAA

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE535H08744 issued by Fullerton India Credit Company Ltd

The instrument name of INE535H08744 ISIN is FULLERTON INDIA CREDIT COMPANY LTD SR-15 9.25 NCD 26AP29 FVRS10LAC.
The interest earned from INE535H08744 bond issued by Fullerton India Credit Company Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE535H08744 bond issued by Fullerton India Credit Company Ltd has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.25%, which determines the periodic interest payments made to bondholders.
The INE535H08744 Debenture is issued by Fullerton India Credit Company Ltd, a Private Sector company.
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