Instrument Details

ISIN: INE121H08164

Face value

₹1,000

Coupon rate

8.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

23 Apr 2018

Maturity Date

23 Apr 2028

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-II 8.9 NCD 23AP28 FVRS1000
Il&fs Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121H08164, with a face value of ₹1,000 rs on 23Apr18 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.90% 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 8.90% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES 2019 II DATE OF MATURITY 23/04/2028. 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 08May18. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 27Nov17. 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
10 Nov 2023
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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
23-Apr-18 : Your investment
₹8,900
23-Apr-19 : Interest
₹8,900
23-Apr-20 : Interest
₹8,900
23-Apr-21 : Interest
₹8,900
23-Apr-22 : Interest
₹8,900
23-Apr-23 : Interest
₹8,900
23-Apr-24 : Interest
₹8,900
23-Apr-25 : Interest
₹8,900
23-Apr-26 : Interest
₹8,900
23-Apr-27 : Interest
₹8,900
23-Apr-28 : Interest
₹1,89,000
23-Apr-28 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹89,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.90%

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

FAQs about INE121H08164 issued by Il&fs Financial Services Limited

The instrument name of INE121H08164 ISIN is IL&FS FINANCIAL SERVICES LIMITED SR-II 8.9 NCD 23AP28 FVRS1000.
The interest earned from INE121H08164 bond issued by Il&fs Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE121H08164 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 8.9%, which determines the periodic interest payments made to bondholders.
The INE121H08164 Debenture is issued by Il&fs Financial Services Limited, a Private Sector company.