Instrument Details

ISIN: INE756I07EC7

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

210

Instrument Type

Debenture

Returns

Low

Date of Issue

23 Feb 2022

Maturity Date

19 Mar 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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

HDB FINANCIAL SERVICES LIMITED SR A/0(ZC)/176 NCD 19MR24 FVRS10LAC
Hdb Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE756I07EC7, with a face value of ₹10,00,000 rs on 23Feb22 to raise 210 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 2022 A/0(ZC)/176. DATE OF MATURITY 19/03/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27May22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 01Feb22. 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
25 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

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

FAQs about INE756I07EC7 issued by Hdb Financial Services Limited

The instrument name of INE756I07EC7 ISIN is HDB FINANCIAL SERVICES LIMITED SR A/0(ZC)/176 NCD 19MR24 FVRS10LAC.
Never, as INE756I07EC7 bond issued by Hdb Financial Services Limited is a Zero-coupon bond.
This INE756I07EC7 bond issued by Hdb Financial Services Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE756I07EC7 bond issued by Hdb Financial Services Limited is 0%.
The INE756I07EC7 Debenture is issued by Hdb Financial Services Limited, a Private Sector company.