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Instrument Details

ISIN: INE741K07405

Face value

₹10,00,000

Coupon rate

9.85%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

145

Instrument Type

Debenture

Returns

High

Date of Issue

31 Mar 2021

Maturity Date

31 Mar 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (ICRA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

CREDITACCESS GRAMEEN LIMITED 9.8500 NCD 31MR26 FVRS10LAC
Creditaccess Grameen Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE741K07405, with a face value of ₹10,00,000 rs on 31Mar21 to raise 145 crores. The debt instrument is issued with a coupon rate of 9.85% and its interest is paid Semi 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 9.85% SECURED RATED LISTED REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 31/03/2026. 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 06Apr21. ICRA LIMITED has given AA- rating to this Debenture on 19Oct23. This issuer is formerly known as GRAMEEN KOOTA FINANCIAL SERVICES LIMITED, GRAMEEN KOOTA FINANCIAL SERVICES PRIVATE LIMITED, GRAMEEN FINANCIAL SERVICES 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
20 Oct 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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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
31-Mar-21 : Your investment
₹49,25,000
01-Oct-21 : Interest
₹49,25,000
01-Apr-22 : Interest
₹49,25,000
01-Oct-22 : Interest
₹49,25,000
01-Apr-23 : Interest
₹49,25,000
01-Oct-23 : Interest
₹49,25,000
01-Apr-24 : Interest
₹49,25,000
01-Oct-24 : Interest
₹49,25,000
01-Apr-25 : Interest
₹49,25,000
01-Oct-25 : Interest
₹31,73,888
31-Mar-26 : Interest
₹14,74,98,888
31-Mar-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹4,74,98,888)

Summary

Instrument Attributes

Value

Coupon Rate

9.85%

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 INE741K07405 issued by Creditaccess Grameen Limited

The instrument name of INE741K07405 ISIN is CREDITACCESS GRAMEEN LIMITED 9.8500 NCD 31MR26 FVRS10LAC.
The interest earned from INE741K07405 bond issued by Creditaccess Grameen Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE741K07405 bond issued by Creditaccess Grameen 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 9.85%, which determines the periodic interest payments made to bondholders.
The INE741K07405 Debenture is issued by Creditaccess Grameen Limited, a Private Sector company.
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