The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE894E07322

Face value

₹1,000

Coupon rate

13%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.08

Instrument Type

Debenture

Returns

High

Date of Issue

17 Feb 2022

Maturity Date

17 Feb 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SALEM ERODE INVESTMENTS LTD SR II CUM SNR CTZ 13 NCD 17FB24 FVRS1000
Salem Erode Investments Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE894E07322, with a face value of ₹1,000 rs on 17Feb22 to raise 0.08 crores. The debt instrument is issued with a coupon rate of 13% and its interest is paid on Maturity. 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% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II(CUMULATIVE-SENIOR CITIZEN). DATE OF MATURITY 17/02/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SALEM-ERODE TEA & INVESTMENT COMPANY LIMITED, THE SALEM-ERODE ELECTRICITY DISTRI. CO. 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
N/A
Not Rated
check
Date Verified
N/A
check
Outlook
N/A
logo
Seniority in Repayment
Subordinate Tier 2
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

13%

Returns

High

Bond Rating

Unrated

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
Kolkata
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE894E07322 issued by Salem Erode Investments Ltd

The instrument name of INE894E07322 ISIN is SALEM ERODE INVESTMENTS LTD SR II CUM SNR CTZ 13 NCD 17FB24 FVRS1000.
The interest earned from the INE894E07322 bond issued by Salem Erode Investments Ltd is paid at the time of maturity
This INE894E07322 bond issued by Salem Erode Investments Ltd does not currently have an assigned credit rating
This Debenture offers a coupon rate of 13%, which determines the periodic interest payments made to bondholders.
The INE894E07322 Debenture is issued by Salem Erode Investments Ltd, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow