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Instrument Details

ISIN: INE945W07316

Face value

₹10,00,000

Coupon rate

10.95%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

115

Instrument Type

Debenture

Returns

High

Date of Issue

27 Jul 2021

Maturity Date

27 Jul 2027

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

INCRED FINANCIAL SERVICES LIMITED 10.95 NCD 27JL27 FVRS10LAC
Incred Financial Services Limited, a Finance company, has floated Debenture, having ISIN value as INE945W07316, with a face value of ₹10,00,000 rs on 27Jul21 to raise 115 crores. The debt instrument is issued with a coupon rate of 10.95% 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 10.95% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES IFSL2027.DATE OF MATURITY 27/07/2027. 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 02Aug21. CRISIL LIMITED has given A+ rating to this Debenture on 01Jan70. This issuer is formerly known as KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED, MULTIFLOW FINANCIAL SERVICES PVT 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+
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Date Verified
30 Aug 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
27-Jul-21 : Your investment
₹1,09,50,000
27-Jul-22 : Interest
₹1,09,50,000
27-Jul-23 : Interest
₹1,09,50,000
27-Jul-24 : Interest
₹1,09,50,000
27-Jul-25 : Interest
₹1,09,50,000
27-Jul-26 : Interest
₹1,09,50,000
27-Jul-27 : Interest
₹16,57,00,000
27-Jul-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,57,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.95%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE945W07316 issued by Incred Financial Services Limited

The instrument name of INE945W07316 ISIN is INCRED FINANCIAL SERVICES LIMITED 10.95 NCD 27JL27 FVRS10LAC.
The interest earned from INE945W07316 bond issued by Incred Financial Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE945W07316 bond issued by Incred Financial Services Limited has been assigned a credit rating of A+ by CRISIL LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.95%, which determines the periodic interest payments made to bondholders.
The INE945W07316 Debenture is issued by Incred Financial Services Limited, a Private Sector company.
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