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Instrument Details

ISIN: INE494M09056

Face value

₹10,00,000

Coupon rate

10.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

41.1

Instrument Type

Bond

Returns

High

Date of Issue

23 Apr 2013

Maturity Date

23 Apr 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

IFCI FACTORS LIMITED 10.2 BD 23AP23 FVRS10LAC
Ifci Factors Limited, a Finance company, has floated Bond, having ISIN value as INE494M09056, with a face value of ₹10,00,000 rs on 23Apr13 to raise 41.1 crores. The debt instrument is issued with a coupon rate of 10.20% 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 Bond is 10.20% SECURED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS TRANCHE II OPTION 2. DATE OF MATURITY 23/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 11May13. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 23Apr13. This issuer is formerly known as FOREMOST FACTORS LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
23-Apr-13 : Your investment
₹1,02,00,000
23-Apr-14 : Interest
₹1,02,00,000
23-Apr-15 : Interest
₹1,02,00,000
23-Apr-16 : Interest
₹1,02,00,000
23-Apr-17 : Interest
₹1,02,00,000
23-Apr-18 : Interest
₹1,02,00,000
23-Apr-19 : Interest
₹1,02,00,000
23-Apr-20 : Interest
₹1,02,00,000
23-Apr-21 : Interest
₹1,02,00,000
23-Apr-22 : Interest
₹1,02,00,000
23-Apr-23 : Interest
₹20,20,00,000
23-Apr-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,20,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.20%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE494M09056 issued by Ifci Factors Limited

The instrument name of INE494M09056 ISIN is IFCI FACTORS LIMITED 10.2 BD 23AP23 FVRS10LAC.
The interest earned from INE494M09056 bond issued by Ifci Factors Limited is paid Annually, ensuring regular and consistent income for investors.
This INE494M09056 bond issued by Ifci Factors Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 10.2%, which determines the periodic interest payments made to bondholders.
The INE494M09056 Bond is issued by Ifci Factors Limited, a Private Sector company.
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