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9% Sakthi Finance Limited - BBB Rated (INE302E07391)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE302E07391
Face value
₹1,000
Coupon rate
9%
Payment
on Maturity
Tax Type
Taxable
Issue Size (Cr)
1.25
Instrument Type
Debenture
Returns
High
Date of Issue
13 Jan 2021
Maturity Date
13 Jan 2024
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
None
Guarantee Type
Non Convertible
About this Bond
SAKTHI FINANCE LIMITED 9 NCD 13JN24 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE302E07391, with a face value of ₹1,000 rs on 13Jan21 to raise 1.25 crores. The debt instrument
is issued with a coupon rate of 9% 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 9% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 13/01/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given BBB rating to
this Debenture on 26Apr21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Summary
Instrument Attributes
Value
Coupon Rate
9%
Returns
High
Bond Rating
BBB
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Coimbatore
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Sakthi Finance Limited
FAQs about INE302E07391 issued by Sakthi Finance Limited
What is the instrument name of INE302E07391 ISIN?
The instrument name of INE302E07391 ISIN is SAKTHI FINANCE LIMITED 9 NCD 13JN24 FVRS1000.
How frequently is the interest paid on INE302E07391 bond issued by Sakthi Finance Limited?
The interest earned from the INE302E07391 bond issued by Sakthi Finance Limited is paid at the time of maturity
What is the credit rating of the INE302E07391 bond issued by Sakthi Finance Limited?
This INE302E07391 bond issued by Sakthi Finance Limited has been assigned a credit rating of BBB by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE302E07391 bond issued by Sakthi Finance Limited?
This Debenture offers a coupon rate of 9%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE302E07391 Debenture?
The INE302E07391 Debenture is issued by Sakthi Finance Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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