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Instrument Details

ISIN: INE729N08022

Face value

₹5,00,000

Coupon rate

10.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

07 Feb 2019

Maturity Date

08 Jul 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

TVS CREDIT SERVICES LIMITED 10.90 LOA 07AG24 FVRS5LAC
Tvs Credit Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE729N08022, with a face value of ₹5,00,000 rs on 07Feb19 to raise 100 crores. The debt instrument is issued with a coupon rate of 10.90% 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 10.90% UNSECURED RATED UNLISTED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 07/08/2024. 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. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 28Jan19. This issuer is formerly known as TVS MOTOR CREDIT 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
31 May 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
₹5,00,000
Lot Size
100
Minimum Investment
₹5,00,00,000

Cashflow

₹5,00,00,000
07-Feb-19 : Your investment
₹54,50,000
07-Feb-20 : Interest
₹54,50,000
07-Feb-21 : Interest
₹54,50,000
07-Feb-22 : Interest
₹54,50,000
07-Feb-23 : Interest
₹54,50,000
07-Feb-24 : Interest
₹7,72,50,000
08-Jul-24 : Maturity amount (Investment: ₹5,00,00,000, Interest earned: ₹2,72,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.90%

Returns

High

Bond Rating

AA

Seniority in Repayment

Subordinate Tier 2

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 INE729N08022 issued by Tvs Credit Services Limited

The instrument name of INE729N08022 ISIN is TVS CREDIT SERVICES LIMITED 10.90 LOA 07AG24 FVRS5LAC.
The interest earned from INE729N08022 bond issued by Tvs Credit Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE729N08022 bond issued by Tvs Credit Services Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.9%, which determines the periodic interest payments made to bondholders.
The INE729N08022 Debenture is issued by Tvs Credit Services Limited, a Private Sector company.
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