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10.25% Sakthi Finance Limited - BBB Rated (INE302E08068)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE302E08068
Face value
₹1,000
Coupon rate
10.25%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
0.666
Instrument Type
Debenture
Returns
High
Date of Issue
08 May 2020
Maturity Date
07 Aug 2025
Perpetual
Yes
Listing Status
Listed
Rating status
BBB (ICRA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
Principal + Interest
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
SAKTHI FINANCE LIMITED OPTION X 10.25 NCD 08JL25 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE302E08068, with a face value of ₹1,000 rs on 08May20 to raise 0.666 crores. The debt instrument
is issued with a coupon rate of 10.25% 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 Unsecured
Debenture is 10.25% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION X. DATE OF MATURITY 08/07/2025.. This instrument is issued in Public Issue mode. It has Compounding coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 12May20. ICRA LIMITED has given BBB rating to
this Debenture on 05Feb24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
08-May-20 : Your investment
₹10,250
08-May-21 : Interest
₹10,250
08-May-22 : Interest
₹10,250
08-May-23 : Interest
₹10,250
08-May-24 : Interest
₹10,250
08-May-25 : Interest
₹1,51,250
07-Aug-25 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹51,250)
Summary
Instrument Attributes
Value
Coupon Rate
10.25%
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 INE302E08068 issued by Sakthi Finance Limited
What is the instrument name of INE302E08068 ISIN?
The instrument name of INE302E08068 ISIN is SAKTHI FINANCE LIMITED OPTION X 10.25 NCD 08JL25 FVRS1000.
How frequently is the interest paid on INE302E08068 bond issued by Sakthi Finance Limited?
The interest earned from INE302E08068 bond issued by Sakthi Finance Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE302E08068 bond issued by Sakthi Finance Limited?
This INE302E08068 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 INE302E08068 bond issued by Sakthi Finance Limited?
This Debenture offers a coupon rate of 10.25%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE302E08068 Debenture?
The INE302E08068 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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