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Instrument Details

ISIN: INE305A09232

Face value

₹1,00,000

Coupon rate

8.81%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

159.74

Instrument Type

Bond

Returns

High

Date of Issue

09 Nov 2015

Maturity Date

11 Sep 2025

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (Acuite 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

TOURISM FINANCE CORPORATION OF INDIA LIMITED 8.81 LOA 09NV25 FVRS1LAC
Tourism Finance Corporation Of India Limited, a Consumer Services company, has floated Bond, having ISIN value as INE305A09232, with a face value of ₹1,00,000 rs on 09Nov15 to raise 159.74 crores. The debt instrument is issued with a coupon rate of 8.81% and its interest is paid Semi 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 Secured Bond is 8.81% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF PROMISSORY NOTES.SERIES MB 2015-01. LETTER OF ALLOTMENT. DATE OF MATURITY 09/11/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 24Nov15. Acuite Ratings And Research Limited has given A+ rating to this Bond on 15Oct15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
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
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
09-Nov-15 : Your investment
₹4,40,500
09-May-16 : Interest
₹4,40,500
09-Nov-16 : Interest
₹4,40,500
09-May-17 : Interest
₹4,40,500
09-Nov-17 : Interest
₹4,40,500
09-May-18 : Interest
₹4,40,500
09-Nov-18 : Interest
₹4,40,500
09-May-19 : Interest
₹4,40,500
09-Nov-19 : Interest
₹4,40,500
09-May-20 : Interest
₹4,40,500
09-Nov-20 : Interest
₹4,40,500
09-May-21 : Interest
₹4,40,500
09-Nov-21 : Interest
₹4,40,500
09-May-22 : Interest
₹4,40,500
09-Nov-22 : Interest
₹4,40,500
09-May-23 : Interest
₹4,40,500
09-Nov-23 : Interest
₹4,40,500
09-May-24 : Interest
₹4,40,500
09-Nov-24 : Interest
₹4,40,500
09-May-25 : Interest
₹2,05,566
11-Sep-25 : Interest
₹1,85,75,066
11-Sep-25 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹85,75,066)

Summary

Instrument Attributes

Value

Coupon Rate

8.81%

Returns

High

Bond Rating

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 INE305A09232 issued by Tourism Finance Corporation Of India Limited

The instrument name of INE305A09232 ISIN is TOURISM FINANCE CORPORATION OF INDIA LIMITED 8.81 LOA 09NV25 FVRS1LAC.
The interest earned from INE305A09232 bond issued by Tourism Finance Corporation Of India Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE305A09232 bond issued by Tourism Finance Corporation Of India Limited has been assigned a credit rating of A+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.81%, which determines the periodic interest payments made to bondholders.
The INE305A09232 Bond is issued by Tourism Finance Corporation Of India Limited, a Private Sector company.
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