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Instrument Details

ISIN: INE916DA7QM5

Face value

₹10,00,000

Coupon rate

5.37%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Medium

Date of Issue

20 Jul 2020

Maturity Date

20 Jul 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

KOTAK MAHINDRA PRIME LIMITED 5.37 NCD 20JL23 FVRS10LAC
Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7QM5, with a face value of ₹10,00,000 rs on 20Jul20 to raise 300 crores. The debt instrument is issued with a coupon rate of 5.37% and its interest is paid 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 5.37% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 20/07/2023. 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 06Aug20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 08Jul20. This issuer is formerly known as KOTAK MAHINDRA PRIMUS LIMITED, KOMAF AUTO FINANCE LIMITED, KOMAF AUTO FINANCE 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
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
20-Jul-20 : Your investment
₹53,70,000
20-Jul-21 : Interest
₹53,70,000
20-Jul-22 : Interest
₹53,70,000
20-Jul-23 : Interest
₹11,61,10,000
20-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,61,10,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.37%

Returns

Medium

Bond Rating

AAA

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 INE916DA7QM5 issued by Kotak Mahindra Prime Limited

The instrument name of INE916DA7QM5 ISIN is KOTAK MAHINDRA PRIME LIMITED 5.37 NCD 20JL23 FVRS10LAC.
The interest earned from INE916DA7QM5 bond issued by Kotak Mahindra Prime Limited is paid Annually, ensuring regular and consistent income for investors.
This INE916DA7QM5 bond issued by Kotak Mahindra Prime Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.37%, which determines the periodic interest payments made to bondholders.
The INE916DA7QM5 Debenture is issued by Kotak Mahindra Prime Limited, a Private Sector company.
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