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    Debenture

    14% Ikf Finance Limited - A Rated (INE859C08061)

    ActivePrivate SectorUnsecured

    Instrument Details

    ISIN: INE859C08061

    Face value

    ₹1,00,000

    Coupon rate

    14%

    Payment

    Monthly

    Tax Type

    Taxable

    Issue Size (Cr)

    20

    Instrument Type

    Debenture

    Returns

    High

    Date of Issue

    02 Mar 2020

    Maturity Date

    09 Feb 2025

    Perpetual

    Yes

    Listing Status

    Unlisted

    Rating status

    A (BRICKWORK 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

    IKF FINANCE LIMITED 14 NCD 02SP25 FVRS1LAC
    Ikf Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE859C08061, with a face value of ₹1,00,000 rs on 02Mar20 to raise 20 crores. The debt instrument is issued with a coupon rate of 14% and its interest is paid Monthly. 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 14% UNSECURED UNLISTED RATED SUBORDINATED TAXABLE TRANSFERABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 02/09/2025. 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. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A rating to this Debenture on 28Jan20. This issuer is formerly known as IKF FINANCE & INVESTMENTS LTD. 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
    check
    Date Verified
    06 Jan 2024
    check
    Outlook
    Stable
    logo
    Seniority in Repayment
    Subordinate Tier 2
    logo
    Security
    Unsecured
    Investment Calculation (Pre-Tax)

    Below is an indicative cash-flow on investment, actual cash-flow may differ.

    Face Value
    ₹1,00,000
    Lot Size
    100
    Minimum Investment
    ₹1,00,00,000

    Cashflow

    ₹1,00,00,000
    02-Mar-20 : Your investment
    ₹1,16,666
    02-Apr-20 : Interest
    ₹1,16,666
    02-May-20 : Interest
    ₹1,16,666
    02-Jun-20 : Interest
    ₹1,16,666
    02-Jul-20 : Interest
    ₹1,16,666
    02-Aug-20 : Interest
    ₹1,16,666
    02-Sep-20 : Interest
    ₹1,16,666
    02-Oct-20 : Interest
    ₹1,16,666
    02-Nov-20 : Interest
    ₹1,16,666
    02-Dec-20 : Interest
    ₹1,16,666
    02-Jan-21 : Interest
    ₹1,16,666
    02-Feb-21 : Interest
    ₹1,16,666
    02-Mar-21 : Interest
    ₹1,16,666
    02-Apr-21 : Interest
    ₹1,16,666
    02-May-21 : Interest
    ₹1,16,666
    02-Jun-21 : Interest
    ₹1,16,666
    02-Jul-21 : Interest
    ₹1,16,666
    02-Aug-21 : Interest
    ₹1,16,666
    02-Sep-21 : Interest
    ₹1,16,666
    02-Oct-21 : Interest
    ₹1,16,666
    02-Nov-21 : Interest
    ₹1,16,666
    02-Dec-21 : Interest
    ₹1,16,666
    02-Jan-22 : Interest
    ₹1,16,666
    02-Feb-22 : Interest
    ₹1,16,666
    02-Mar-22 : Interest
    ₹1,16,666
    02-Apr-22 : Interest
    ₹1,16,666
    02-May-22 : Interest
    ₹1,16,666
    02-Jun-22 : Interest
    ₹1,16,666
    02-Jul-22 : Interest
    ₹1,16,666
    02-Aug-22 : Interest
    ₹1,16,666
    02-Sep-22 : Interest
    ₹1,16,666
    02-Oct-22 : Interest
    ₹1,16,666
    02-Nov-22 : Interest
    ₹1,16,666
    02-Dec-22 : Interest
    ₹1,16,666
    02-Jan-23 : Interest
    ₹1,16,666
    02-Feb-23 : Interest
    ₹1,16,666
    02-Mar-23 : Interest
    ₹1,16,666
    02-Apr-23 : Interest
    ₹1,16,666
    02-May-23 : Interest
    ₹1,16,666
    02-Jun-23 : Interest
    ₹1,16,666
    02-Jul-23 : Interest
    ₹1,16,666
    02-Aug-23 : Interest
    ₹1,16,666
    02-Sep-23 : Interest
    ₹1,16,666
    02-Oct-23 : Interest
    ₹1,16,666
    02-Nov-23 : Interest
    ₹1,16,666
    02-Dec-23 : Interest
    ₹1,16,666
    02-Jan-24 : Interest
    ₹1,16,666
    02-Feb-24 : Interest
    ₹1,16,666
    02-Mar-24 : Interest
    ₹1,16,666
    02-Apr-24 : Interest
    ₹1,16,666
    02-May-24 : Interest
    ₹1,16,666
    02-Jun-24 : Interest
    ₹1,16,666
    02-Jul-24 : Interest
    ₹1,16,666
    02-Aug-24 : Interest
    ₹1,16,666
    02-Sep-24 : Interest
    ₹1,16,666
    02-Oct-24 : Interest
    ₹1,16,666
    02-Nov-24 : Interest
    ₹1,16,666
    02-Dec-24 : Interest
    ₹1,16,666
    02-Jan-25 : Interest
    ₹1,16,666
    02-Feb-25 : Interest
    ₹29,166
    09-Feb-25 : Interest
    ₹1,69,12,500
    09-Feb-25 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹69,12,500)

    Summary

    Instrument Attributes

    Value

    Coupon Rate

    14%

    Returns

    High

    Bond Rating

    A

    Seniority in Repayment

    Subordinate Tier 2

    Instrument Category

    Non Convertible

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    About the issuer

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

    Other Bonds of Ikf Finance Limited

    Debenture
    BRICKWORK
    A

    14% Ikf Finance Limited - A Rated (INE859C08061)

    ActivePrivate SectorUnsecured

    Min Investment
    ₹1,00,00,000
    Coupon Rate
    14%
    Payment Frequency
    Monthly
    Return Type
    Taxable
    Debenture
    CARE
    A

    13.25% Ikf Finance Limited - A Rated (INE859C08079)

    ActivePrivate SectorUnsecured

    Min Investment
    ₹1,00,00,000
    Coupon Rate
    13.25%
    Payment Frequency
    Monthly
    Return Type
    Taxable

    FAQs about INE859C08061 issued by Ikf Finance Limited

    The instrument name of INE859C08061 ISIN is IKF FINANCE LIMITED 14 NCD 02SP25 FVRS1LAC.
    The interest earned from INE859C08061 bond issued by Ikf Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
    This INE859C08061 bond issued by Ikf Finance Limited has been assigned a credit rating of A by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
    This Debenture offers a coupon rate of 14%, which determines the periodic interest payments made to bondholders.
    The INE859C08061 Debenture is issued by Ikf Finance Limited, a Private Sector company.
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