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Instrument Details

ISIN: INE957N07518

Face value

₹10,00,000

Coupon rate

7.55%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Medium

Date of Issue

24 Jul 2020

Maturity Date

24 Jul 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

HERO FINCORP LIMITED SR 39 OPTION II 7.55 NCD 24JL25 FVRS10LAC
Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE957N07518, with a face value of ₹10,00,000 rs on 24Jul20 to raise 300 crores. The debt instrument is issued with a coupon rate of 7.55% 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 7.55% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES HFCL/NCD/039/OPTION II. DATE OF MATURITY 24/07/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AA+ rating to this Debenture on 08Jul20. This issuer is formerly known as HERO HONDA FINLEASE 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
AA
High Safety
AA+
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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
24-Jul-20 : Your investment
₹75,50,000
24-Jul-21 : Interest
₹75,50,000
24-Jul-22 : Interest
₹75,50,000
24-Jul-23 : Interest
₹75,50,000
24-Jul-24 : Interest
₹75,50,000
24-Jul-25 : Interest
₹13,77,50,000
24-Jul-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,77,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.55%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE957N07518 issued by Hero Fincorp Limited

The instrument name of INE957N07518 ISIN is HERO FINCORP LIMITED SR 39 OPTION II 7.55 NCD 24JL25 FVRS10LAC.
The interest earned from INE957N07518 bond issued by Hero Fincorp Limited is paid Annually, ensuring regular and consistent income for investors.
This INE957N07518 bond issued by Hero Fincorp Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.55%, which determines the periodic interest payments made to bondholders.
The INE957N07518 Debenture is issued by Hero Fincorp Limited, a Private Sector company.
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