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Instrument Details

ISIN: INE998Y07089

Face value

₹10,00,000

Coupon rate

RESET RATE

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

34

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

24 Mar 2021

Maturity Date

02 May 2025

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

BERAR FINANCE LIMITED RR NCD 05FB25 FVRS10LAC
Berar Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE998Y07089, with a face value of ₹10,00,000 rs on 24Mar21 to raise 34 crores. The debt instrument is issued with a coupon rate of RESET RATE and its interest is paid Monthly. 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 RESET RATE SECURED SENIOR RATED LISTED TRANSFERABLE REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 05/02/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 30Mar21. CARE Ratings Limited has given BBB rating to this Debenture on 01Mar21. This issuer is formerly known as BERAR 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
BBB
Moderately Safe
BBB
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Date Verified
31 Aug 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

RESET RATE

Returns

Linked to Markets

Bond Rating

BBB

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE998Y07089 issued by Berar Finance Limited

The instrument name of INE998Y07089 ISIN is BERAR FINANCE LIMITED RR NCD 05FB25 FVRS10LAC.
The interest earned from INE998Y07089 bond issued by Berar Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE998Y07089 bond issued by Berar Finance Limited has been assigned a credit rating of BBB by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE998Y07089 bond issued by Berar Finance Limited is RESET RATE.
The INE998Y07089 Debenture is issued by Berar Finance Limited, a Private Sector company.
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