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Instrument Details

ISIN: INE02BB07166

Face value

₹50,000

Coupon rate

9.75%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

0.345

Instrument Type

Debenture

Returns

High

Date of Issue

24 Nov 2020

Maturity Date

24 Nov 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

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

VIVARDHANA MICROFINANCE LIMITED SR V 9.75 LOA 24NV22 FVRS50000
Vivardhana Microfinance Limited, a Utilities company, has floated Debenture, having ISIN value as INE02BB07166, with a face value of ₹50,000 rs on 24Nov20 to raise 0.345 crores. The debt instrument is issued with a coupon rate of 9.75% and its interest is paid Quarterly. 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 9.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES V/20-21. DATE OF MATURITY 24/11/2022. 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. This debt instrument is Unrated. 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
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹50,000
Lot Size
100
Minimum Investment
₹50,00,000

Cashflow

₹50,00,000
24-Nov-20 : Your investment
₹1,21,875
24-Feb-21 : Interest
₹1,21,875
24-May-21 : Interest
₹1,21,875
24-Aug-21 : Interest
₹1,21,875
24-Nov-21 : Interest
₹1,21,875
24-Feb-22 : Interest
₹1,21,875
24-May-22 : Interest
₹1,21,875
24-Aug-22 : Interest
₹1,21,875
24-Nov-22 : Interest
₹59,75,000
24-Nov-22 : Maturity amount (Investment: ₹50,00,000, Interest earned: ₹9,75,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.75%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE02BB07166 issued by Vivardhana Microfinance Limited

The instrument name of INE02BB07166 ISIN is VIVARDHANA MICROFINANCE LIMITED SR V 9.75 LOA 24NV22 FVRS50000.
The interest earned from INE02BB07166 bond issued by Vivardhana Microfinance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE02BB07166 bond issued by Vivardhana Microfinance Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 9.75%, which determines the periodic interest payments made to bondholders.
The INE02BB07166 Debenture is issued by Vivardhana Microfinance Limited, a Private Sector company.
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