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Instrument Details

ISIN: INE459T07173

Face value

₹10,00,000

Coupon rate

9.55%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

05 Aug 2020

Maturity Date

08 May 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

A+ (BRICKWORK 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

VASTU HOUSING FINANCE CORPORATION LIMITED 9.55 NCD 05AG23 FVRS10LAC
Vastu Housing Finance Corporation Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE459T07173, with a face value of ₹10,00,000 rs on 05Aug20 to raise 50 crores. The debt instrument is issued with a coupon rate of 9.55% 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 9.55% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 05/08/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A+ rating to this Debenture on 11Jun20. This issuer is formerly known as VASTU 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
A
Adequate Safety
A+
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Date Verified
07 Aug 2020
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
05-Aug-20 : Your investment
₹23,87,500
05-Nov-20 : Interest
₹23,87,500
05-Feb-21 : Interest
₹23,87,500
05-May-21 : Interest
₹23,87,500
05-Aug-21 : Interest
₹23,87,500
05-Nov-21 : Interest
₹23,87,500
05-Feb-22 : Interest
₹23,87,500
05-May-22 : Interest
₹23,87,500
05-Aug-22 : Interest
₹23,87,500
05-Nov-22 : Interest
₹23,87,500
05-Feb-23 : Interest
₹23,87,500
05-May-23 : Interest
₹12,62,62,500
08-May-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,62,62,500)

Summary

Instrument Attributes

Value

Coupon Rate

9.55%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE459T07173 issued by Vastu Housing Finance Corporation Limited

The instrument name of INE459T07173 ISIN is VASTU HOUSING FINANCE CORPORATION LIMITED 9.55 NCD 05AG23 FVRS10LAC.
The interest earned from INE459T07173 bond issued by Vastu Housing Finance Corporation Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE459T07173 bond issued by Vastu Housing Finance Corporation Limited has been assigned a credit rating of A+ by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.55%, which determines the periodic interest payments made to bondholders.
The INE459T07173 Debenture is issued by Vastu Housing Finance Corporation Limited, a Private Sector company.
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