Instrument Details

ISIN: INE957N08086

Face value

₹1,00,00,000

Coupon rate

8.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

18 Jul 2022

Maturity Date

16 Jul 2032

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (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

HERO FINCORP LIMITED SR 053 8.65 NCD 16JL32 FVRS1CR
Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N08086, with a face value of ₹1,00,00,000 rs on 18Jul22 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.65% 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 8.65% UNSECURED RATED LISTED REDEEMABLE SUBORDINATED TIER II NON CONVERTIBLE DEBENTURE. SERIES HFCL/NCD/053. DATE OF MATURITY 16/07/2032.. 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 18Jul22. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 05Jul22. 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
15 Jul 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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
18-Jul-22 : Your investment
₹8,65,00,000
18-Jul-23 : Interest
₹8,65,00,000
18-Jul-24 : Interest
₹8,65,00,000
18-Jul-25 : Interest
₹8,65,00,000
18-Jul-26 : Interest
₹8,65,00,000
18-Jul-27 : Interest
₹8,65,00,000
18-Jul-28 : Interest
₹8,65,00,000
18-Jul-29 : Interest
₹8,65,00,000
18-Jul-30 : Interest
₹8,65,00,000
18-Jul-31 : Interest
₹8,67,36,986
16-Jul-32 : Interest
₹1,86,52,36,986
16-Jul-32 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹86,52,36,986)

Summary

Instrument Attributes

Value

Coupon Rate

8.65%

Returns

High

Bond Rating

AA+

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
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE957N08086 issued by Hero Fincorp Limited

The instrument name of INE957N08086 ISIN is HERO FINCORP LIMITED SR 053 8.65 NCD 16JL32 FVRS1CR.
The interest earned from INE957N08086 bond issued by Hero Fincorp Limited is paid Annually, ensuring regular and consistent income for investors.
This INE957N08086 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.
This Debenture offers a coupon rate of 8.65%, which determines the periodic interest payments made to bondholders.
The INE957N08086 Debenture is issued by Hero Fincorp Limited, a Private Sector company.