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Instrument Details

ISIN: INE814O07162

Face value

₹5,00,000

Coupon rate

13.66%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

60

Instrument Type

Debenture

Returns

High

Date of Issue

16 Nov 2018

Maturity Date

16 Nov 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NEOGROWTH CREDIT PRIVATE LIMITED F GRP SR-600 13.66 NCD 16NV22 FVRS500000
Neogrowth Credit Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE814O07162, with a face value of ₹5,00,000 rs on 16Nov18 to raise 60 crores. The debt instrument is issued with a coupon rate of 13.66% 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 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. F GROUP DEBT INSTRUMENT SERIES I-600. DATE OF MATURITY 16/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 16Nov18. This issuer is formerly known as BPJ CREDIT & INVESTMENTS 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
₹5,00,000
Lot Size
100
Minimum Investment
₹5,00,00,000

Cashflow

₹5,00,00,000
16-Nov-18 : Your investment
₹34,15,000
16-May-19 : Interest
₹34,15,000
16-Nov-19 : Interest
₹34,15,000
16-May-20 : Interest
₹34,15,000
16-Nov-20 : Interest
₹34,15,000
16-May-21 : Interest
₹34,15,000
16-Nov-21 : Interest
₹34,15,000
16-May-22 : Interest
₹34,15,000
16-Nov-22 : Interest
₹7,73,20,000
16-Nov-22 : Maturity amount (Investment: ₹5,00,00,000, Interest earned: ₹2,73,20,000)

Summary

Instrument Attributes

Value

Coupon Rate

13.66%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE814O07162 issued by Neogrowth Credit Private Limited

The instrument name of INE814O07162 ISIN is NEOGROWTH CREDIT PRIVATE LIMITED F GRP SR-600 13.66 NCD 16NV22 FVRS500000.
The interest earned from INE814O07162 bond issued by Neogrowth Credit Private Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE814O07162 bond issued by Neogrowth Credit Private Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.66%, which determines the periodic interest payments made to bondholders.
The INE814O07162 Debenture is issued by Neogrowth Credit Private Limited, a Private Sector company.
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