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Instrument Details

ISIN: INE305A07012

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

01 Dec 2021

Maturity Date

12 Jan 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD A+ (Acuite Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

TOURISM FINANCE CORPORATION OF INDIA LIMITED SR XLVIII BR NCD 01DC24 FVRS10LAC LOAUPTO30NV21
Tourism Finance Corporation Of India Limited, a Consumer Services company, has floated Debenture, having ISIN value as INE305A07012, with a face value of ₹10,00,000 rs on 01Dec21 to raise 50 crores. The debt instrument is issued with a coupon rate of GSEC LINKED 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 RATED LISTED MARKET LINKED PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. SERIES XLVIII 2024.DATE OF MATURITY 01/12/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06Dec21. Acuite Ratings And Research Limited has given PP-MLD A+ rating to this Debenture on 26Nov21. 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
PP-MLD A+
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Date Verified
24 Aug 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD A+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Consumer Services
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE305A07012 issued by Tourism Finance Corporation Of India Limited

The instrument name of INE305A07012 ISIN is TOURISM FINANCE CORPORATION OF INDIA LIMITED SR XLVIII BR NCD 01DC24 FVRS10LAC LOAUPTO30NV21.
The interest earned from the INE305A07012 bond issued by Tourism Finance Corporation Of India Limited is paid at the time of maturity
This INE305A07012 bond issued by Tourism Finance Corporation Of India Limited has been assigned a credit rating of PP-MLD A+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE305A07012 bond issued by Tourism Finance Corporation Of India Limited is GSEC LINKED.
The INE305A07012 Debenture is issued by Tourism Finance Corporation Of India Limited, a Private Sector company.
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