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Instrument Details

ISIN: INE443L08032

Face value

₹1,000

Coupon rate

11.50%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

31 Mar 2017

Maturity Date

31 May 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

BELSTAR MICROFINANCE LIMITED SR-1-100000 11.5 NCD 31MY23 FVRS1000
Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE443L08032, with a face value of ₹1,000 rs on 31Mar17 to raise 10 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Unsecured Debenture is 11.50% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES. F GROP DEBT INSTRUMENTS SERIES 1-100000. DATE OF MATURITY 31/05/2023. 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 05Jun17. ICRA LIMITED has given AA- rating to this Debenture on 21Jul23. 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
AA-
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Date Verified
24 Jul 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
31-Mar-17 : Your investment
₹2,875
01-Jul-17 : Interest
₹2,875
01-Oct-17 : Interest
₹2,875
01-Jan-18 : Interest
₹2,875
01-Apr-18 : Interest
₹2,875
01-Jul-18 : Interest
₹2,875
01-Oct-18 : Interest
₹2,875
01-Jan-19 : Interest
₹2,875
01-Apr-19 : Interest
₹2,875
01-Jul-19 : Interest
₹2,875
01-Oct-19 : Interest
₹2,875
01-Jan-20 : Interest
₹2,875
01-Apr-20 : Interest
₹2,875
01-Jul-20 : Interest
₹2,875
01-Oct-20 : Interest
₹2,875
01-Jan-21 : Interest
₹2,875
01-Apr-21 : Interest
₹2,875
01-Jul-21 : Interest
₹2,875
01-Oct-21 : Interest
₹2,875
01-Jan-22 : Interest
₹2,875
01-Apr-22 : Interest
₹2,875
01-Jul-22 : Interest
₹2,875
01-Oct-22 : Interest
₹2,875
01-Jan-23 : Interest
₹2,875
01-Apr-23 : Interest
₹782
31-May-23 : Interest
₹1,69,782
31-May-23 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹69,782)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

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 INE443L08032 issued by Belstar Microfinance Limited

The instrument name of INE443L08032 ISIN is BELSTAR MICROFINANCE LIMITED SR-1-100000 11.5 NCD 31MY23 FVRS1000.
The interest earned from INE443L08032 bond issued by Belstar Microfinance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE443L08032 bond issued by Belstar Microfinance Limited has been assigned a credit rating of AA- by ICRA 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 INE443L08032 Debenture is issued by Belstar Microfinance Limited, a Private Sector company.
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