Instrument Details

ISIN: INE244L08042

Face value

₹1,00,000

Coupon rate

8.85%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

105

Instrument Type

Debenture

Returns

High

Date of Issue

28 Mar 2018

Maturity Date

28 Mar 2028

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA (CRISIL 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

INDIABULLS COMMERCIAL CREDIT LIMITED 8.85 NCD 28MR28 FVRS1LAC
Indiabulls Commercial Credit Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE244L08042, with a face value of ₹1,00,000 rs on 28Mar18 to raise 105 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES. DATE OF MATURITY 28/03/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 29Dec17. 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
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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
28-Mar-18 : Your investment
₹8,85,000
28-Mar-19 : Interest
₹8,85,000
28-Mar-20 : Interest
₹8,85,000
28-Mar-21 : Interest
₹8,85,000
28-Mar-22 : Interest
₹8,85,000
28-Mar-23 : Interest
₹8,85,000
28-Mar-24 : Interest
₹8,85,000
28-Mar-25 : Interest
₹8,85,000
28-Mar-26 : Interest
₹8,85,000
28-Mar-27 : Interest
₹8,85,000
28-Mar-28 : Interest
₹1,88,50,000
28-Mar-28 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹88,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.85%

Returns

High

Bond Rating

AA

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
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE244L08042 issued by Indiabulls Commercial Credit Limited

The instrument name of INE244L08042 ISIN is INDIABULLS COMMERCIAL CREDIT LIMITED 8.85 NCD 28MR28 FVRS1LAC.
The interest earned from INE244L08042 bond issued by Indiabulls Commercial Credit Limited is paid Annually, ensuring regular and consistent income for investors.
This INE244L08042 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 8.85%, which determines the periodic interest payments made to bondholders.
The INE244L08042 Debenture is issued by Indiabulls Commercial Credit Limited, a Private Sector company.