Instrument Details

ISIN: INE248U07BF9

Face value

₹1,00,000

Coupon rate

Variable Coupon

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

226.0370185

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

27 Mar 2019

Maturity Date

27 Apr 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA (ICRA Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

IIFL WEALTH PRIME LIMITED SERIES IECP-IV BR NCD 27AP26 FVRS1LAC
Iifl Wealth Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE248U07BF9, with a face value of ₹1,00,000 rs on 27Mar19 to raise 226.0370185 crores. The debt instrument is issued with a coupon rate of LINKED TO PERFORMANCE OF BENCHMARK 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 Secured Debenture is PRINCIPAL PROTECTED LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IECP - IV. DATE OF MATURITY 27/04/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 12Apr19. ICRA LIMITED has given AA rating to this Debenture on 01Mar19. This issuer is formerly known as IIFL WEALTH FINANCE LIMITED, CHEPHIS CAPITAL MARKETS 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 Mar 2019
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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

Variable Coupon

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

FAQs about INE248U07BF9 issued by Iifl Wealth Prime Limited

The instrument name of INE248U07BF9 ISIN is IIFL WEALTH PRIME LIMITED SERIES IECP-IV BR NCD 27AP26 FVRS1LAC.
The interest earned from the INE248U07BF9 bond issued by Iifl Wealth Prime Limited is paid at the time of maturity
This INE248U07BF9 bond issued by Iifl Wealth Prime Limited has been assigned a credit rating of AA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE248U07BF9 bond issued by Iifl Wealth Prime Limited is LINKED TO PERFORMANCE OF BENCHMARK.
The INE248U07BF9 Debenture is issued by Iifl Wealth Prime Limited, a Private Sector company.