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Instrument Details

ISIN: INE248U07DC2

Face value

₹1,00,000

Coupon rate

G SEC LINK

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

243.36

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

10 Mar 2021

Maturity Date

04 Oct 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA (ICRA Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

IIFL WEALTH PRIME LIMITED SR 03 BR NCD 10AP24 FVRS1LAC
Iifl Wealth Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE248U07DC2, with a face value of ₹1,00,000 rs on 10Mar21 to raise 243.36 crores. The debt instrument is issued with a coupon rate of G SEC LINK 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 GSEC LINKED SECURED LISTED RATED PRINCIPAL PROTECTED REDEEMABLE NON CONVERTIBLE MARKET LINKED DEBENTURES. SERIES IFRS 03. DATE OF MATURITY 10/04/2024. 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 12Apr21. ICRA LIMITED has given PP-MLD AA rating to this Debenture on 07Dec23. This issuer is formerly known as IIFL WEALTH FINANCE LIMITED, CHEPHIS CAPITAL MARKETS 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
PP-MLD AA
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Date Verified
08 Dec 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

G SEC LINK

Returns

Linked to Markets

Bond Rating

PP-MLD 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
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE248U07DC2 issued by Iifl Wealth Prime Limited

The instrument name of INE248U07DC2 ISIN is IIFL WEALTH PRIME LIMITED SR 03 BR NCD 10AP24 FVRS1LAC.
The interest earned from the INE248U07DC2 bond issued by Iifl Wealth Prime Limited is paid at the time of maturity
This INE248U07DC2 bond issued by Iifl Wealth Prime Limited has been assigned a credit rating of PP-MLD AA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE248U07DC2 bond issued by Iifl Wealth Prime Limited is G SEC LINK.
The INE248U07DC2 Debenture is issued by Iifl Wealth Prime Limited, a Private Sector company.
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