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Instrument Details

ISIN: INE02VO07290

Face value

₹1,000

Coupon rate

12%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

8.6405

Instrument Type

Debenture

Returns

High

Date of Issue

11 Mar 2022

Maturity Date

03 Nov 2027

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

RELIANT CREDITS (INDIA) LIMITED SR K SCH 3 12 NCD 11MR27 FVRS1000
Reliant Credits (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE02VO07290, with a face value of ₹1,000 rs on 11Mar22 to raise 8.6405 crores. The debt instrument is issued with a coupon rate of 12% 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 12% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES K SCHEME 3.DATE OF MATURITY 11/03/2027. This instrument is issued in Private Placement (EBP) 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
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Senior
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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
11-Mar-22 : Your investment
₹1,000
11-Apr-22 : Interest
₹1,000
11-May-22 : Interest
₹1,000
11-Jun-22 : Interest
₹1,000
11-Jul-22 : Interest
₹1,000
11-Aug-22 : Interest
₹1,000
11-Sep-22 : Interest
₹1,000
11-Oct-22 : Interest
₹1,000
11-Nov-22 : Interest
₹1,000
11-Dec-22 : Interest
₹1,000
11-Jan-23 : Interest
₹1,000
11-Feb-23 : Interest
₹1,000
11-Mar-23 : Interest
₹1,000
11-Apr-23 : Interest
₹1,000
11-May-23 : Interest
₹1,000
11-Jun-23 : Interest
₹1,000
11-Jul-23 : Interest
₹1,000
11-Aug-23 : Interest
₹1,000
11-Sep-23 : Interest
₹1,000
11-Oct-23 : Interest
₹1,000
11-Nov-23 : Interest
₹1,000
11-Dec-23 : Interest
₹1,000
11-Jan-24 : Interest
₹1,000
11-Feb-24 : Interest
₹1,000
11-Mar-24 : Interest
₹1,000
11-Apr-24 : Interest
₹1,000
11-May-24 : Interest
₹1,000
11-Jun-24 : Interest
₹1,000
11-Jul-24 : Interest
₹1,000
11-Aug-24 : Interest
₹1,000
11-Sep-24 : Interest
₹1,000
11-Oct-24 : Interest
₹1,000
11-Nov-24 : Interest
₹1,000
11-Dec-24 : Interest
₹1,000
11-Jan-25 : Interest
₹1,000
11-Feb-25 : Interest
₹1,000
11-Mar-25 : Interest
₹1,000
11-Apr-25 : Interest
₹1,000
11-May-25 : Interest
₹1,000
11-Jun-25 : Interest
₹1,000
11-Jul-25 : Interest
₹1,000
11-Aug-25 : Interest
₹1,000
11-Sep-25 : Interest
₹1,000
11-Oct-25 : Interest
₹1,000
11-Nov-25 : Interest
₹1,000
11-Dec-25 : Interest
₹1,000
11-Jan-26 : Interest
₹1,000
11-Feb-26 : Interest
₹1,000
11-Mar-26 : Interest
₹1,000
11-Apr-26 : Interest
₹1,000
11-May-26 : Interest
₹1,000
11-Jun-26 : Interest
₹1,000
11-Jul-26 : Interest
₹1,000
11-Aug-26 : Interest
₹1,000
11-Sep-26 : Interest
₹1,000
11-Oct-26 : Interest
₹1,000
11-Nov-26 : Interest
₹1,000
11-Dec-26 : Interest
₹1,000
11-Jan-27 : Interest
₹1,000
11-Feb-27 : Interest
₹1,000
11-Mar-27 : Interest
₹1,000
11-Apr-27 : Interest
₹1,000
11-May-27 : Interest
₹1,000
11-Jun-27 : Interest
₹1,000
11-Jul-27 : Interest
₹1,000
11-Aug-27 : Interest
₹1,000
11-Sep-27 : Interest
₹1,000
11-Oct-27 : Interest
-₹150
03-Nov-27 : Interest
-₹150
03-Nov-27 : Interest
₹1,66,700
03-Nov-27 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹66,700)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

Senior

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 INE02VO07290 issued by Reliant Credits (india) Limited

The instrument name of INE02VO07290 ISIN is RELIANT CREDITS (INDIA) LIMITED SR K SCH 3 12 NCD 11MR27 FVRS1000.
The interest earned from INE02VO07290 bond issued by Reliant Credits (india) Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE02VO07290 bond issued by Reliant Credits (india) Limited does not currently have an assigned credit rating
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE02VO07290 Debenture is issued by Reliant Credits (india) Limited, a Private Sector company.
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