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Instrument Details

ISIN: INE124N07390

Face value

₹5,00,000

Coupon rate

11.25%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

12 Jun 2020

Maturity Date

06 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA+(CE) (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED SR 5237196-5237595 11.25 NCD 12JU25 FVRS5LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07390, with a face value of ₹5,00,000 rs on 12Jun20 to raise 20 crores. The debt instrument is issued with a coupon rate of 11.25% and its interest is paid on Maturity. 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 11.25% SECURED, SENIOR,RATED LISTED REDEEMABLE, NON CONVERTIBLE DEBENTURES.SERIES 5237196-5237595.DATE OF MATURITY 12/06/2025. 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 02Jul20. CRISIL RATINGS LIMITED has given AA+(CE) rating to this Debenture on 30Jun22. This issuer is formerly known as ESS KAY FINCORP LIMITED, ESS KAY FINCORP PRIVATE LIMITED, ESS KAY AUTO FINANCE 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
AA
High Safety
AA+(CE)
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Date Verified
28 Apr 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

11.25%

Returns

High

Bond Rating

AA+(CE)

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE124N07390 issued by Sk Finance Limited

The instrument name of INE124N07390 ISIN is SK FINANCE LIMITED SR 5237196-5237595 11.25 NCD 12JU25 FVRS5LAC.
The interest earned from the INE124N07390 bond issued by Sk Finance Limited is paid at the time of maturity
This INE124N07390 bond issued by Sk Finance Limited has been assigned a credit rating of AA+(CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.25%, which determines the periodic interest payments made to bondholders.
The INE124N07390 Debenture is issued by Sk Finance Limited, a Private Sector company.
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