Instrument Details

ISIN: INE244L07184

Face value

₹1,000

Coupon rate

9.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

13.9567

Instrument Type

Debenture

Returns

High

Date of Issue

25 Sep 2018

Maturity Date

25 Sep 2028

Perpetual

Yes

Listing Status

Listed

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INDIABULLS COMMERCIAL CREDIT LIMITED SR VII CAT III & IV 9.2 LOA 25SP28 FVRS1000
Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L07184, with a face value of ₹1,000 rs on 25Sep18 to raise 13.9567 crores. The debt instrument is issued with a coupon rate of 9.20% 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 9.20% SECURED (CATEGORY III & IV) LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII. LETTER OF ALLOTMENT. DATE OF MATURITY 25/09/2028. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27Sep18 & on BSE stock exchange on 27Sep18. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 16Aug18. This issuer is formerly known as INDIABULLS INFRASTRUCTURE CREDIT 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
AA
High Safety
AA
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Date Verified
08 Feb 2022
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Outlook
Stable
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
25-Sep-18 : Your investment
₹9,200
25-Sep-19 : Interest
₹9,200
25-Sep-20 : Interest
₹9,200
25-Sep-21 : Interest
₹9,200
25-Sep-22 : Interest
₹9,200
25-Sep-23 : Interest
₹9,200
25-Sep-24 : Interest
₹9,200
25-Sep-25 : Interest
₹9,200
25-Sep-26 : Interest
₹9,200
25-Sep-27 : Interest
₹9,200
25-Sep-28 : Interest
₹1,92,000
25-Sep-28 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹92,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.20%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE244L07184 issued by Indiabulls Commercial Credit Limited

The instrument name of INE244L07184 ISIN is INDIABULLS COMMERCIAL CREDIT LIMITED SR VII CAT III & IV 9.2 LOA 25SP28 FVRS1000.
The interest earned from INE244L07184 bond issued by Indiabulls Commercial Credit Limited is paid Annually, ensuring regular and consistent income for investors.
This INE244L07184 bond issued by Indiabulls Commercial Credit Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.2%, which determines the periodic interest payments made to bondholders.
The INE244L07184 Debenture is issued by Indiabulls Commercial Credit Limited, a Private Sector company.