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Instrument Details

ISIN: INE818F07039

Face value

₹2,50,000

Coupon rate

8.69%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

62.5

Instrument Type

Bond

Returns

High

Date of Issue

04 Apr 2018

Maturity Date

04 Apr 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AA (Infomerics 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

KERALA FINANCIAL CORPORATION SR-B 8.69 BD 04AP23 FVRS250000
Kerala Financial Corporation, a Utilities company, has floated Bond, having ISIN value as INE818F07039, with a face value of ₹2,50,000 rs on 04Apr18 to raise 62.5 crores. The debt instrument is issued with a coupon rate of 8.69% 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 Bond is 8.69% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS. SERIES B. DATE OF MATURITY 04/04/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 26Apr18. Infomerics Valuation and Rating Pvt. Ltd has given AA rating to this Bond on 21Feb23. This issuer is formerly known as TRAVANCORE- COCHIN FINANCIAL CORPORATION Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
-
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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
₹2,50,000
Lot Size
100
Minimum Investment
₹2,50,00,000

Cashflow

₹2,50,00,000
04-Apr-18 : Your investment
₹10,86,250
04-Oct-18 : Interest
₹10,86,250
04-Apr-19 : Interest
₹10,86,250
04-Oct-19 : Interest
₹10,86,250
04-Apr-20 : Interest
₹10,86,250
04-Oct-20 : Interest
₹10,86,250
04-Apr-21 : Interest
₹10,86,250
04-Oct-21 : Interest
₹10,86,250
04-Apr-22 : Interest
₹10,86,250
04-Oct-22 : Interest
₹10,86,250
04-Apr-23 : Interest
₹3,58,62,500
04-Apr-23 : Maturity amount (Investment: ₹2,50,00,000, Interest earned: ₹1,08,62,500)

Summary

Instrument Attributes

Value

Coupon Rate

8.69%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Trivandrum
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE818F07039 issued by Kerala Financial Corporation

The instrument name of INE818F07039 ISIN is KERALA FINANCIAL CORPORATION SR-B 8.69 BD 04AP23 FVRS250000.
The interest earned from INE818F07039 bond issued by Kerala Financial Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
This INE818F07039 bond issued by Kerala Financial Corporation has been assigned a credit rating of AA by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.69%, which determines the periodic interest payments made to bondholders.
The INE818F07039 Bond is issued by Kerala Financial Corporation, a PSU company.
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