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Instrument Details

ISIN: INE443L07158

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

125

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

28 Feb 2022

Maturity Date

28 Feb 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA (CRISIL 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

BELSTAR MICROFINANCE LIMITED BR NCD 28FB24 FVRS10LAC
Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L07158, with a face value of ₹10,00,000 rs on 28Feb22 to raise 125 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 PRINCIPAL PROTECTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 28/02/2024. 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 02Mar22. CRISIL RATINGS LIMITED has given PP-MLD AA rating to this Debenture on 24Feb22. This issuer is formerly known as BELSTAR MICROFINANCE PRIVATE LIMITED, BELSTAR INVESTMENT AND FINANCE 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
AA
High Safety
PP-MLD AA
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Date Verified
18 Dec 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 AA

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 INE443L07158 issued by Belstar Microfinance Limited

The instrument name of INE443L07158 ISIN is BELSTAR MICROFINANCE LIMITED BR NCD 28FB24 FVRS10LAC.
The interest earned from the INE443L07158 bond issued by Belstar Microfinance Limited is paid at the time of maturity
This INE443L07158 bond issued by Belstar Microfinance Limited has been assigned a credit rating of PP-MLD AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE443L07158 bond issued by Belstar Microfinance Limited is GSEC LINKED.
The INE443L07158 Debenture is issued by Belstar Microfinance Limited, a Private Sector company.
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