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Instrument Details

ISIN: INE535H07AO0

Face value

₹10,00,000

Coupon rate

9.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

10 Aug 2018

Maturity Date

08 Aug 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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

FULLERTON INDIA CREDIT COMPANY LTD SR-73 9.2 NCD 08AG25 FVRS10LAC
Fullerton India Credit Company Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE535H07AO0, with a face value of ₹10,00,000 rs on 10Aug18 to raise 100 crores. The debt instrument is issued with a coupon rate of 9.20% and its interest is paid 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 9.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 73. DATE OF MATURITY 08/08/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 21Aug18. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 07Aug18. This issuer is formerly known as FIRST INDIA CREDIT CORPORATION LTD, DOVE 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
AAA
Highest Safety
AAA
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Date Verified
09 Mar 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
10-Aug-18 : Your investment
₹92,00,000
10-Aug-19 : Interest
₹92,00,000
10-Aug-20 : Interest
₹92,00,000
10-Aug-21 : Interest
₹92,00,000
10-Aug-22 : Interest
₹92,00,000
10-Aug-23 : Interest
₹92,00,000
10-Aug-24 : Interest
₹92,00,000
08-Aug-25 : Interest
₹16,44,00,000
08-Aug-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,44,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.20%

Returns

High

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE535H07AO0 issued by Fullerton India Credit Company Ltd

The instrument name of INE535H07AO0 ISIN is FULLERTON INDIA CREDIT COMPANY LTD SR-73 9.2 NCD 08AG25 FVRS10LAC.
The interest earned from INE535H07AO0 bond issued by Fullerton India Credit Company Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE535H07AO0 bond issued by Fullerton India Credit Company Ltd has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9.2%, which determines the periodic interest payments made to bondholders.
The INE535H07AO0 Debenture is issued by Fullerton India Credit Company Ltd, a Private Sector company.
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