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Instrument Details

ISIN: INE104W07070

Face value

₹10,00,000

Coupon rate

12%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

07 Jul 2020

Maturity Date

07 Jul 2023

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (CARE Ratings)

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

KANAKADURGA FINANCE LTD 12 NCD 07JL23 FVRS10LAC
Kanakadurga Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE104W07070, with a face value of ₹10,00,000 rs on 07Jul20 to raise 25 crores. The debt instrument is issued with a coupon rate of 12% 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 12% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 07/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Jul20. CARE RATINGS LIMITED has given BBB rating to this Debenture on 07Jul20. This issuer is formerly known as KANADURGA LEASING AND FINANCE LTD, KANAKADURGA LEASING AND FINANCE PVT LTD, 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
02 May 2023
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Outlook
Stable
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
07-Jul-20 : Your investment
₹1,20,00,000
07-Jul-21 : Interest
₹1,20,00,000
07-Jul-22 : Interest
₹1,20,00,000
07-Jul-23 : Interest
₹13,60,00,000
07-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,60,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

BBB

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE104W07070 issued by Kanakadurga Finance Ltd

The instrument name of INE104W07070 ISIN is KANAKADURGA FINANCE LTD 12 NCD 07JL23 FVRS10LAC.
The interest earned from INE104W07070 bond issued by Kanakadurga Finance Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE104W07070 bond issued by Kanakadurga Finance Ltd has been assigned a credit rating of BBB by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE104W07070 Debenture is issued by Kanakadurga Finance Ltd, a Private Sector company.
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