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Instrument Details

ISIN: INE0BUS07072

Face value

₹1,000

Coupon rate

10.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

0.9057

Instrument Type

Debenture

Returns

High

Date of Issue

25 Oct 2021

Maturity Date

24 Oct 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BBB+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

INDEL MONEY LIMITED OPT VI 10.75 LOA 24OT24 FVRS1000
Indel Money Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0BUS07072, with a face value of ₹1,000 rs on 25Oct21 to raise 0.9057 crores. The debt instrument is issued with a coupon rate of 10.75% 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 10.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. OPTION VI. DATE OF MATURITY 24/10/2024.. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Oct21. CRISIL RATINGS LIMITED has given BBB+ rating to this Debenture on 02Sep21. This issuer is formerly known as INDEL MONEY PRIVATE LIMITED, PAYAL HOLDINGS 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
BBB
Moderately Safe
BBB+
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Date Verified
03 May 2023
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Outlook
Stable
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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
25-Oct-21 : Your investment
₹10,750
25-Oct-22 : Interest
₹10,750
25-Oct-23 : Interest
₹10,750
24-Oct-24 : Interest
₹1,32,250
24-Oct-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹32,250)

Summary

Instrument Attributes

Value

Coupon Rate

10.75%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE0BUS07072 issued by Indel Money Limited

The instrument name of INE0BUS07072 ISIN is INDEL MONEY LIMITED OPT VI 10.75 LOA 24OT24 FVRS1000.
The interest earned from INE0BUS07072 bond issued by Indel Money Limited is paid Annually, ensuring regular and consistent income for investors.
This INE0BUS07072 bond issued by Indel Money Limited has been assigned a credit rating of BBB+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.75%, which determines the periodic interest payments made to bondholders.
The INE0BUS07072 Debenture is issued by Indel Money Limited, a Private Sector company.
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