Instrument Details

ISIN: INE945W07183

Face value

₹10,00,000

Coupon rate

NIFTY 50 LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

47.1

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

03 Sep 2020

Maturity Date

03 Mar 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WITHDRAWN (CARE Ratings)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

INCRED FINANCIAL SERVICES LIMITED SR MLD/002 BR NCD 03MR23 FVRS10LAC
Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE945W07183, with a face value of ₹10,00,000 rs on 03Sep20 to raise 47.1 crores. The debt instrument is issued with a coupon rate of NIFTY 50 LINKED 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 NIFTY 50 INDEX LINKED SECURED RATED LISTED REDEEMABLE PRINCIPAL PROTECTED-MARKET LINKED NON CONVERTIBLE DEBENTURES. SERIES IFSL/2020-2021/MLD/002. DATE OF MATURITY 03/03/2023. 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 18Dec20. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 01Jan70. This issuer is formerly known as KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED, MULTIFLOW FINANCIAL SERVICES PVT LTD 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

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 50 LINKED

Returns

Linked to Markets

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE945W07183 issued by Incred Financial Services Limited

The instrument name of INE945W07183 ISIN is INCRED FINANCIAL SERVICES LIMITED SR MLD/002 BR NCD 03MR23 FVRS10LAC.
The interest earned from the INE945W07183 bond issued by Incred Financial Services Limited is paid at the time of maturity
This INE945W07183 bond issued by Incred Financial Services Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE945W07183 bond issued by Incred Financial Services Limited is NIFTY 50 LINKED.
The INE945W07183 Debenture is issued by Incred Financial Services Limited, a Private Sector company.