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Instrument Details

ISIN: INE530B08110

Face value

₹1,000

Coupon rate

0%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

68.1443

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

24 Mar 2021

Maturity Date

24 Jun 2028

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

IIFL FINANCE LIMITED SR III NCD 24JU28 FVRS1000
Iifl Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE530B08110, with a face value of ₹1,000 rs on 24Mar21 to raise 68.1443 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid on Maturity. 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 ZERO COUPON UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES III . DATE OF MATURITY 24/06/2028. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 25Mar21 & on BSE stock exchange on 25Mar21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 08Feb21. This issuer is formerly known as IIFL HOLDINGS LIMITED, INDIA INFOLINE LIMITED, INDIA INFOLINE.COM 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
01 Oct 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

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
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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Rated ★ 4.3+ on

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FAQs about INE530B08110 issued by Iifl Finance Limited

The instrument name of INE530B08110 ISIN is IIFL FINANCE LIMITED SR III NCD 24JU28 FVRS1000.
The interest earned from the INE530B08110 bond issued by Iifl Finance Limited is paid at the time of maturity
This INE530B08110 bond issued by Iifl Finance 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 INE530B08110 bond issued by Iifl Finance Limited is 0%.
The INE530B08110 Debenture is issued by Iifl Finance Limited, a Private Sector company.
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