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Instrument Details

ISIN: INE957N07609

Face value

₹10,00,000

Coupon rate

3M T BILL LINK

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

200

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

20 May 2021

Maturity Date

20 May 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CRISIL Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

HERO FINCORP LIMITED SR 046 BR NCD 20MY24 FVRS10LAC
Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N07609, with a face value of ₹10,00,000 rs on 20May21 to raise 200 crores. The debt instrument is issued with a coupon rate of 3M T BILL LINK 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 3M TBILL LINKED SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES HFCL/NCD/046 .DATE OF MATURITY 20/05/2024. 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 25May21. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 28Apr21. This issuer is formerly known as HERO HONDA FINLEASE 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
AA
High Safety
AA+
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

3M T BILL LINK

Returns

Linked to Markets

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE957N07609 issued by Hero Fincorp Limited

The instrument name of INE957N07609 ISIN is HERO FINCORP LIMITED SR 046 BR NCD 20MY24 FVRS10LAC.
The interest earned from INE957N07609 bond issued by Hero Fincorp Limited is paid Annually, ensuring regular and consistent income for investors.
This INE957N07609 bond issued by Hero Fincorp Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE957N07609 bond issued by Hero Fincorp Limited is 3M T BILL LINK.
The INE957N07609 Debenture is issued by Hero Fincorp Limited, a Private Sector company.
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