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Instrument Details

ISIN: INE657N08017

Face value

₹10,00,000

Coupon rate

10.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

30 Jan 2020

Maturity Date

04 Jul 2022

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

EDELWEISS RURAL & CORPORATE SERVICES LIMITED 10.65 NCD 07AP22 FVRS10LAC
Edelweiss Rural & Corporate Services Limited, a Investment Company company, has floated Debenture, having ISIN value as INE657N08017, with a face value of ₹10,00,000 rs on 30Jan20 to raise 500 crores. The debt instrument is issued with a coupon rate of 10.65% 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 Unsecured Debenture is 10.65% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/04/2022.. 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 04Feb20. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 06Jan20. This issuer is formerly known as EDELWEISS COMMODITIES SERVICES LIMITED, COMFORT PROJECTS LIMITED, COMFORT PROJECTS 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
A
Adequate Safety
A+
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Date Verified
19 Dec 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
30-Jan-20 : Your investment
₹1,06,50,000
30-Jan-21 : Interest
₹1,06,50,000
30-Jan-22 : Interest
₹12,13,00,000
04-Jul-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,13,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.65%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Investment Company
Head Office
HEAD OFFICE
Hyderabad
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE657N08017 issued by Edelweiss Rural & Corporate Services Limited

The instrument name of INE657N08017 ISIN is EDELWEISS RURAL & CORPORATE SERVICES LIMITED 10.65 NCD 07AP22 FVRS10LAC.
The interest earned from INE657N08017 bond issued by Edelweiss Rural & Corporate Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE657N08017 bond issued by Edelweiss Rural & Corporate Services Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.65%, which determines the periodic interest payments made to bondholders.
The INE657N08017 Debenture is issued by Edelweiss Rural & Corporate Services Limited, a Private Sector company.
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