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Instrument Details

ISIN: INE413U07103

Face value

₹1,00,000

Coupon rate

11.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

60

Instrument Type

Debenture

Returns

High

Date of Issue

05 Jun 2020

Maturity Date

06 May 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

IIFL SAMASTA FINANCE LIMITED SR 1 11.50 NCD 05JU23 FVRS1LAC
Iifl Samasta Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE413U07103, with a face value of ₹1,00,000 rs on 05Jun20 to raise 60 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Debenture is 11.50% RATED, LISTED, SENIOR, SECURED, REDEEMABLE, TAXABLE, REDEEMABLE NON CONVERTIBLE DEBENTRUES. SERIES 1. DATE OF MATURITY 05/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 24Jun20. CRISIL RATINGS LIMITED has given AA- rating to this Debenture on 29May20. This issuer is formerly known as SAMASTA MICROFINANCE LIMITED, COLONAC FINANCE 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
AA
High Safety
AA-
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Date Verified
08 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
05-Jun-20 : Your investment
₹5,75,000
05-Dec-20 : Interest
₹5,75,000
05-Jun-21 : Interest
₹5,75,000
05-Dec-21 : Interest
₹5,75,000
05-Jun-22 : Interest
₹5,75,000
05-Dec-22 : Interest
₹2,39,583
06-May-23 : Interest
₹1,31,14,583
06-May-23 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹31,14,583)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

AA-

Seniority in Repayment

None

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 INE413U07103 issued by Iifl Samasta Finance Limited

The instrument name of INE413U07103 ISIN is IIFL SAMASTA FINANCE LIMITED SR 1 11.50 NCD 05JU23 FVRS1LAC.
The interest earned from INE413U07103 bond issued by Iifl Samasta Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE413U07103 bond issued by Iifl Samasta Finance Limited has been assigned a credit rating of AA- by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.5%, which determines the periodic interest payments made to bondholders.
The INE413U07103 Debenture is issued by Iifl Samasta Finance Limited, a Private Sector company.
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