Instrument Details

ISIN: INE02VP07024

Face value

₹10,00,000

Coupon rate

11%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

29 Jun 2020

Maturity Date

29 Jun 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)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

IKF HOME FINANCE LIMITED 11 LOA 29JU23 FVRS10LAC
Ikf Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE02VP07024, with a face value of ₹10,00,000 rs on 29Jun20 to raise 25 crores. The debt instrument is issued with a coupon rate of 11% 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 Debenture is 11% SECURED, RATED LISTED SENIOR REDEEMABLE, NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 29/06/2023. 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 17Jul20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 29Jun20. This issuer is formerly known as IKF HOME FINANCE PRIVATE LIMITED, IKF HOUSING FINANCE PRIVATE LIMITED, IKF FINANCIAL SERVICES PRIVATE 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
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
None
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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
29-Jun-20 : Your investment
₹1,10,00,000
29-Jun-21 : Interest
₹1,10,00,000
29-Jun-22 : Interest
₹1,10,00,000
29-Jun-23 : Interest
₹13,30,00,000
29-Jun-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,30,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Vijayawada
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE02VP07024 issued by Ikf Home Finance Limited

The instrument name of INE02VP07024 ISIN is IKF HOME FINANCE LIMITED 11 LOA 29JU23 FVRS10LAC.
The interest earned from INE02VP07024 bond issued by Ikf Home Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE02VP07024 bond issued by Ikf Home Finance 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 Debenture offers a coupon rate of 11%, which determines the periodic interest payments made to bondholders.
The INE02VP07024 Debenture is issued by Ikf Home Finance Limited, a Private Sector company.