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Instrument Details

ISIN: INE916DA7QV6

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

285

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

01 Mar 2021

Maturity Date

19 Jan 2024

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 NCD 19JN24 FVRS10LAC
Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7QV6, with a face value of ₹10,00,000 rs on 01Mar21 to raise 285 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.DATE OF MATURITY 19/01/2024. 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 08Jul22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 10Feb21. 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

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

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 INE916DA7QV6 issued by Kotak Mahindra Prime Limited

The instrument name of INE916DA7QV6 ISIN is KOTAK MAHINDRA PRIME LIMITED NCD 19JN24 FVRS10LAC.
Never, as INE916DA7QV6 bond issued by Kotak Mahindra Prime Limited is a Zero-coupon bond.
This INE916DA7QV6 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.
The coupon rate of INE916DA7QV6 bond issued by Kotak Mahindra Prime Limited is 0%.
The INE916DA7QV6 Debenture is issued by Kotak Mahindra Prime Limited, a Private Sector company.
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