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Instrument Details

ISIN: INE945W07415

Face value

₹10,00,000

Coupon rate

NIFTY 50 INDEX LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

45

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

19 Jan 2022

Maturity Date

05 Aug 2025

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

INCRED FINANCIAL SERVICES LIMITED SR 0011 BR NCD 08MY25 FVRS10LAC
Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE945W07415, with a face value of ₹10,00,000 rs on 19Jan22 to raise 45 crores. The debt instrument is issued with a coupon rate of NIFTY 50 INDEX 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 NIFTY50 LINKED SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES.IFSL/2021-22/MLD/0011.DATE OF MATURITY 08/05/2025. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jan22. CRISIL RATINGS LIMITED has given PP-MLD AA- rating to this Debenture on 23Dec21. 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
AA
High Safety
PP-MLD AA-
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Date Verified
15 Mar 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 50 INDEX LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD AA-

Seniority in Repayment

Senior

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 INE945W07415 issued by Incred Financial Services Limited

The instrument name of INE945W07415 ISIN is INCRED FINANCIAL SERVICES LIMITED SR 0011 BR NCD 08MY25 FVRS10LAC.
The interest earned from the INE945W07415 bond issued by Incred Financial Services Limited is paid at the time of maturity
This INE945W07415 bond issued by Incred Financial Services Limited has been assigned a credit rating of PP-MLD AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE945W07415 bond issued by Incred Financial Services Limited is NIFTY 50 INDEX LINKED.
The INE945W07415 Debenture is issued by Incred Financial Services Limited, a Private Sector company.
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