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: INE916DA7RS0

Face value

₹10,00,000

Coupon rate

7.48%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

175

Instrument Type

Debenture

Returns

Medium

Date of Issue

26 Aug 2022

Maturity Date

20 Aug 2026

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

KOTAK MAHINDRA PRIME LIMITED 7.4750 NCD 20AG26 FVRS10LAC
Kotak Mahindra Prime Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE916DA7RS0, with a face value of ₹10,00,000 rs on 26Aug22 to raise 175 crores. The debt instrument is issued with a coupon rate of 7.48% 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 7.475% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 20/08/2026.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 26Jul22. 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
check
Date Verified
30 Aug 2022
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
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
26-Aug-22 : Your investment
₹74,80,000
26-Aug-23 : Interest
₹74,80,000
26-Aug-24 : Interest
₹74,80,000
26-Aug-25 : Interest
₹73,77,534
20-Aug-26 : Interest
₹12,98,17,534
20-Aug-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,98,17,534)

Summary

Instrument Attributes

Value

Coupon Rate

7.48%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

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 INE916DA7RS0 issued by Kotak Mahindra Prime Limited

The instrument name of INE916DA7RS0 ISIN is KOTAK MAHINDRA PRIME LIMITED 7.4750 NCD 20AG26 FVRS10LAC.
The interest earned from INE916DA7RS0 bond issued by Kotak Mahindra Prime Limited is paid Annually, ensuring regular and consistent income for investors.
This INE916DA7RS0 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 7.48%, which determines the periodic interest payments made to bondholders.
The INE916DA7RS0 Debenture is issued by Kotak Mahindra Prime Limited, 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