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Instrument Details

ISIN: INE124N07556

Face value

₹10,00,000

Coupon rate

10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

31 Mar 2021

Maturity Date

04 Feb 2024

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED 10 NCD 02AP24 FVRS10LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07556, with a face value of ₹10,00,000 rs on 31Mar21 to raise 100 crores. The debt instrument is issued with a coupon rate of 10% 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% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES-5264496-5265495.DATE OF MATURITY 02/04/2024.. 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 01Apr21. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 22Mar21. 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
A
Adequate Safety
A+
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Date Verified
26 Sep 2023
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Outlook
Positive
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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
31-Mar-21 : Your investment
₹1,00,00,000
31-Mar-22 : Interest
₹1,00,00,000
31-Mar-23 : Interest
₹84,93,150
04-Feb-24 : Interest
₹12,84,93,150
04-Feb-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,84,93,150)

Summary

Instrument Attributes

Value

Coupon Rate

10%

Returns

High

Bond Rating

A+

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 INE124N07556 issued by Sk Finance Limited

The instrument name of INE124N07556 ISIN is SK FINANCE LIMITED 10 NCD 02AP24 FVRS10LAC.
The interest earned from INE124N07556 bond issued by Sk Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE124N07556 bond issued by Sk Finance Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
The INE124N07556 Debenture is issued by Sk Finance Limited, a Private Sector company.
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