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Instrument Details

ISIN: INE342T07106

Face value

₹10,00,000

Coupon rate

9.18%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

05 Jan 2022

Maturity Date

04 May 2023

Perpetual

Yes

Listing Status

Listed

Rating status

A (INDIA 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

NAVI FINSERV LIMITED 9.1792 LOA 05AP23 FVRS10LAC
Navi Finserv Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE342T07106, with a face value of ₹10,00,000 rs on 05Jan22 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.18% and its interest is paid Quarterly. 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 9.1792% SECURED RATED LISTED REDEEMABLE FULLY PAID UP NON CONVERTIBLE DEBENTURE.LETTER OF ALLOTMENT. DATE OF MATURITY 05/04/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 10Jan22. INDIA RATING AND RESEARCH PVT. LTD has given A rating to this Debenture on 24Dec21. This issuer is formerly known as NAVI FINSERV PRIVATE LIMITED, CHAITANYA RURAL INTERMEDIATION DEVELOPMENT SERVICES PRIVATE 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
A
Adequate Safety
A
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Date Verified
13 Sep 2022
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
05-Jan-22 : Your investment
₹22,95,000
05-Apr-22 : Interest
₹22,95,000
05-Jul-22 : Interest
₹22,95,000
05-Oct-22 : Interest
₹22,95,000
05-Jan-23 : Interest
₹22,95,000
05-Apr-23 : Interest
₹11,14,75,000
04-May-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,14,75,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.18%

Returns

High

Bond Rating

A

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE342T07106 issued by Navi Finserv Limited

The instrument name of INE342T07106 ISIN is NAVI FINSERV LIMITED 9.1792 LOA 05AP23 FVRS10LAC.
The interest earned from INE342T07106 bond issued by Navi Finserv Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE342T07106 bond issued by Navi Finserv Limited has been assigned a credit rating of A by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.18%, which determines the periodic interest payments made to bondholders.
The INE342T07106 Debenture is issued by Navi Finserv Limited, a Private Sector company.
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