The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE02VO07258

Face value

₹50,000

Coupon rate

10.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

0.56

Instrument Type

Debenture

Returns

High

Date of Issue

03 Jun 2020

Maturity Date

06 Mar 2025

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

RELIANT CREDITS (INDIA) LIMITED SR J 10.50 NCD 03JU25 FVRS50000
Reliant Credits (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE02VO07258, with a face value of ₹50,000 rs on 03Jun20 to raise 0.56 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Monthly. 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 10.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES J.DATE OF MATURITY 03/06/2025. 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. This issuer is formerly known as RELIANT HIRE PURCHASE COMPANY LIMITED, RELIANT HIRE PURCHASE COMPANY PRIVATE 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
N/A
Not Rated
check
Date Verified
N/A
check
Outlook
N/A
logo
Seniority in Repayment
None
logo
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
03-Jun-20 : Your investment
₹43,750
03-Jul-20 : Interest
₹43,750
03-Aug-20 : Interest
₹43,750
03-Sep-20 : Interest
₹43,750
03-Oct-20 : Interest
₹43,750
03-Nov-20 : Interest
₹43,750
03-Dec-20 : Interest
₹43,750
03-Jan-21 : Interest
₹43,750
03-Feb-21 : Interest
₹43,750
03-Mar-21 : Interest
₹43,750
03-Apr-21 : Interest
₹43,750
03-May-21 : Interest
₹43,750
03-Jun-21 : Interest
₹43,750
03-Jul-21 : Interest
₹43,750
03-Aug-21 : Interest
₹43,750
03-Sep-21 : Interest
₹43,750
03-Oct-21 : Interest
₹43,750
03-Nov-21 : Interest
₹43,750
03-Dec-21 : Interest
₹43,750
03-Jan-22 : Interest
₹43,750
03-Feb-22 : Interest
₹43,750
03-Mar-22 : Interest
₹43,750
03-Apr-22 : Interest
₹43,750
03-May-22 : Interest
₹43,750
03-Jun-22 : Interest
₹43,750
03-Jul-22 : Interest
₹43,750
03-Aug-22 : Interest
₹43,750
03-Sep-22 : Interest
₹43,750
03-Oct-22 : Interest
₹43,750
03-Nov-22 : Interest
₹43,750
03-Dec-22 : Interest
₹43,750
03-Jan-23 : Interest
₹43,750
03-Feb-23 : Interest
₹43,750
03-Mar-23 : Interest
₹43,750
03-Apr-23 : Interest
₹43,750
03-May-23 : Interest
₹43,750
03-Jun-23 : Interest
₹43,750
03-Jul-23 : Interest
₹43,750
03-Aug-23 : Interest
₹43,750
03-Sep-23 : Interest
₹43,750
03-Oct-23 : Interest
₹43,750
03-Nov-23 : Interest
₹43,750
03-Dec-23 : Interest
₹43,750
03-Jan-24 : Interest
₹43,750
03-Feb-24 : Interest
₹43,750
03-Mar-24 : Interest
₹43,750
03-Apr-24 : Interest
₹43,750
03-May-24 : Interest
₹43,750
03-Jun-24 : Interest
₹43,750
03-Jul-24 : Interest
₹43,750
03-Aug-24 : Interest
₹43,750
03-Sep-24 : Interest
₹43,750
03-Oct-24 : Interest
₹43,750
03-Nov-24 : Interest
₹43,750
03-Dec-24 : Interest
₹43,750
03-Jan-25 : Interest
₹43,750
03-Feb-25 : Interest
₹43,750
03-Mar-25 : Interest
-₹729
06-Mar-25 : Interest
₹74,93,020
06-Mar-25 : Maturity amount (Investment: ₹50,00,000, Interest earned: ₹24,93,020)

Summary

Instrument Attributes

Value

Coupon Rate

10.50%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE02VO07258 issued by Reliant Credits (india) Limited

The instrument name of INE02VO07258 ISIN is RELIANT CREDITS (INDIA) LIMITED SR J 10.50 NCD 03JU25 FVRS50000.
The interest earned from INE02VO07258 bond issued by Reliant Credits (india) Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE02VO07258 bond issued by Reliant Credits (india) Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 10.5%, which determines the periodic interest payments made to bondholders.
The INE02VO07258 Debenture is issued by Reliant Credits (india) Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow