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Instrument Details

ISIN: INE121H08099

Face value

₹1,000

Coupon rate

8.69%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

29 Sep 2016

Maturity Date

29 Sep 2026

Perpetual

Yes

Listing Status

Listed

Rating status

D (INDIA 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

IL&FS FINANCIAL SERVICES LIMITED SR-XIII 8.69 NCD 29SP26 FVRS1000
Il&fs Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121H08099, with a face value of ₹1,000 rs on 29Sep16 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.69% 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 Unsecured Debenture is 8.69% UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 2017 XIII. DATE OF MATURITY 29/09/2026. 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 17Oct16. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 01Sep16. This issuer is formerly known as IL&FS FINVEST LIMITED, IL&FS ASSET MANAGEMNET COMPANY 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
D
Default or Expect to Default
D
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Date Verified
21 May 2024
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Outlook
No Outlook
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
29-Sep-16 : Your investment
₹8,690
29-Sep-17 : Interest
₹8,690
29-Sep-18 : Interest
₹8,690
29-Sep-19 : Interest
₹8,690
29-Sep-20 : Interest
₹8,690
29-Sep-21 : Interest
₹8,690
29-Sep-22 : Interest
₹8,690
29-Sep-23 : Interest
₹8,690
29-Sep-24 : Interest
₹8,690
29-Sep-25 : Interest
₹8,690
29-Sep-26 : Interest
₹1,86,900
29-Sep-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹86,900)

Summary

Instrument Attributes

Value

Coupon Rate

8.69%

Returns

High

Bond Rating

D

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 INE121H08099 issued by Il&fs Financial Services Limited

The instrument name of INE121H08099 ISIN is IL&FS FINANCIAL SERVICES LIMITED SR-XIII 8.69 NCD 29SP26 FVRS1000.
The interest earned from INE121H08099 bond issued by Il&fs Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE121H08099 bond issued by Il&fs Financial Services Limited has been assigned a credit rating of D by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.69%, which determines the periodic interest payments made to bondholders.
The INE121H08099 Debenture is issued by Il&fs Financial Services Limited, a Private Sector company.
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