Instrument Details

ISIN: INE727M09083

Face value

₹10,00,000

Coupon rate

10.80%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Bond

Returns

High

Date of Issue

10 Oct 2014

Maturity Date

10 Oct 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BB (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

IFCI VENTURE CAPITAL FUNDS LIMITED SR-III 10.8 LOA 10OT24 FVRS10LAC
Ifci Venture Capital Funds Limited, a Utilities company, has floated Bond, having ISIN value as INE727M09083, with a face value of ₹10,00,000 rs on 10Oct14 to raise 20 crores. The debt instrument is issued with a coupon rate of 10.80% 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 10.80% SECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF PROMISSORY NOTES. SERIES III. LETTER OF ALLOTMENT. DATE OF MATURITY 10/10/2024. 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 21Oct14. CARE Ratings Limited has given BB rating to this Bond on 10Oct14. This issuer is formerly known as RISK CAPITAL & TECHNOLOGY FINANCE CORPORATION 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
BB
Moderate Risk
BB
check
Date Verified
01 Aug 2023
check
Outlook
Negative
logo
Seniority in Repayment
None
logo
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
10-Oct-14 : Your investment
₹1,08,00,000
10-Oct-15 : Interest
₹1,08,00,000
10-Oct-16 : Interest
₹1,08,00,000
10-Oct-17 : Interest
₹1,08,00,000
10-Oct-18 : Interest
₹1,08,00,000
10-Oct-19 : Interest
₹1,08,00,000
10-Oct-20 : Interest
₹1,08,00,000
10-Oct-21 : Interest
₹1,08,00,000
10-Oct-22 : Interest
₹1,08,00,000
10-Oct-23 : Interest
₹1,08,00,000
10-Oct-24 : Interest
₹20,80,00,000
10-Oct-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,80,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.80%

Returns

High

Bond Rating

BB

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE727M09083 issued by Ifci Venture Capital Funds Limited

The instrument name of INE727M09083 ISIN is IFCI VENTURE CAPITAL FUNDS LIMITED SR-III 10.8 LOA 10OT24 FVRS10LAC.
The interest earned from INE727M09083 bond issued by Ifci Venture Capital Funds Limited is paid Annually, ensuring regular and consistent income for investors.
This INE727M09083 bond issued by Ifci Venture Capital Funds Limited has been assigned a credit rating of BB by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 10.8%, which determines the periodic interest payments made to bondholders.
The INE727M09083 Bond is issued by Ifci Venture Capital Funds Limited, a Private Sector company.