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Instrument Details

ISIN: INE125T07162

Face value

₹1,00,000

Coupon rate

11.86%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

05 Aug 2019

Maturity Date

02 Jun 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

VARTHANA FINANCE PRIVATE LIMITED SR N 11.86 NCD 06FB23 FVRS1LAC
Varthana Finance Private Limited, a Healthcare company, has floated Debenture, having ISIN value as INE125T07162, with a face value of ₹1,00,000 rs on 05Aug19 to raise 25 crores. The debt instrument is issued with a coupon rate of 11.86% and its interest is paid Quarterly. 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 11.86% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES N-201920. DATE OF MATURITY 06/02/2023.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB rating to this Debenture on 10Dec21. This issuer is formerly known as THIRUMENI 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
BBB
Moderately Safe
BBB
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Date Verified
02 Apr 2022
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Outlook
Negative
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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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000

Cashflow

₹1,00,00,000
05-Aug-19 : Your investment
₹2,96,500
05-Nov-19 : Interest
₹2,96,500
05-Feb-20 : Interest
₹2,96,500
05-May-20 : Interest
₹2,96,500
05-Aug-20 : Interest
₹2,96,500
05-Nov-20 : Interest
₹2,96,500
05-Feb-21 : Interest
₹2,96,500
05-May-21 : Interest
₹2,96,500
05-Aug-21 : Interest
₹2,96,500
05-Nov-21 : Interest
₹2,96,500
05-Feb-22 : Interest
₹2,96,500
05-May-22 : Interest
₹2,96,500
05-Aug-22 : Interest
₹2,96,500
05-Nov-22 : Interest
₹2,96,500
05-Feb-23 : Interest
₹2,96,500
05-May-23 : Interest
-₹67,536
02-Jun-23 : Interest
₹1,43,79,963
02-Jun-23 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹43,79,963)

Summary

Instrument Attributes

Value

Coupon Rate

11.86%

Returns

High

Bond Rating

BBB

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Healthcare
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE125T07162 issued by Varthana Finance Private Limited

The instrument name of INE125T07162 ISIN is VARTHANA FINANCE PRIVATE LIMITED SR N 11.86 NCD 06FB23 FVRS1LAC.
The interest earned from INE125T07162 bond issued by Varthana Finance Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE125T07162 bond issued by Varthana Finance Private Limited has been assigned a credit rating of BBB by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.86%, which determines the periodic interest payments made to bondholders.
The INE125T07162 Debenture is issued by Varthana Finance Private Limited, a Private Sector company.
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