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: INE121A07PC7

Face value

₹10,00,000

Coupon rate

7.98%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

Medium

Date of Issue

15 Nov 2019

Maturity Date

15 Dec 2022

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SERIES 578 7.98 15DC22 FVRS10LAC
Cholamandalam Investment And Fin. Co. Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE121A07PC7, with a face value of ₹10,00,000 rs on 15Nov19 to raise 100 crores. The debt instrument is issued with a coupon rate of 7.98% 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 7.98% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 578 DATE OF MATURITY : 15/12/2022. 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 28Nov19 & on NSE stock exchange on 28Nov19. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 30Jan19. This issuer is formerly known as CHOLAMANDALAM DBS FINANCE 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
AA
High Safety
AA+
check
Date Verified
23 Apr 2022
check
Outlook
Stable
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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
15-Nov-19 : Your investment
₹79,80,000
15-Nov-20 : Interest
₹79,80,000
15-Nov-21 : Interest
₹79,80,000
15-Nov-22 : Interest
₹12,39,40,000
15-Dec-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,39,40,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.98%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE121A07PC7 issued by Cholamandalam Investment And Fin. Co. Ltd

The instrument name of INE121A07PC7 ISIN is CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD SERIES 578 7.98 15DC22 FVRS10LAC.
The interest earned from INE121A07PC7 bond issued by Cholamandalam Investment And Fin. Co. Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE121A07PC7 bond issued by Cholamandalam Investment And Fin. Co. Ltd has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.98%, which determines the periodic interest payments made to bondholders.
The INE121A07PC7 Debenture is issued by Cholamandalam Investment And Fin. Co. Ltd, 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