Instrument Details

ISIN: INE953L08303

Face value

₹10,00,000

Coupon rate

13.15%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

10 Jul 2019

Maturity Date

07 Oct 2025

Perpetual

Yes

Listing Status

Listed

Rating status

BBB+ (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

JANA SMALL FINANCE BANK LIMITED SERIES 48(B) 13.15 NCD 10JL25 FVRS10LAC
Jana Small Finance Bank Limited, a Other Bank company, has floated Debenture, having ISIN value as INE953L08303, with a face value of ₹10,00,000 rs on 10Jul19 to raise 50 crores. The debt instrument is issued with a coupon rate of 13.15% 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 Unsecured Debenture is 13.15% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE LOWER TIER II BONDS IN THE NATURE OF NON CONVERTIBLE DEBENTURES. SERIES 48(B). DATE OF MATURITY 10/07/2025. 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 19Jul19. ICRA LIMITED has given BBB+ rating to this Debenture on 07Sep23. This issuer is formerly known as JANALAKSHMI FINANCIAL SERVICES LIMITED, JANALAKSHMI FINANCIAL SERVICES PRIVATE 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
BBB
Moderately Safe
BBB+
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Date Verified
08 Sep 2023
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Outlook
Positive
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
10-Jul-19 : Your investment
₹1,31,50,000
10-Jul-20 : Interest
₹1,31,50,000
10-Jul-21 : Interest
₹1,31,50,000
10-Jul-22 : Interest
₹1,31,50,000
10-Jul-23 : Interest
₹1,31,50,000
10-Jul-24 : Interest
₹1,31,50,000
10-Jul-25 : Interest
₹17,89,00,000
07-Oct-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,89,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

13.15%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Other Bank
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE953L08303 issued by Jana Small Finance Bank Limited

The instrument name of INE953L08303 ISIN is JANA SMALL FINANCE BANK LIMITED SERIES 48(B) 13.15 NCD 10JL25 FVRS10LAC.
The interest earned from INE953L08303 bond issued by Jana Small Finance Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE953L08303 bond issued by Jana Small Finance Bank Limited has been assigned a credit rating of BBB+ by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.15%, which determines the periodic interest payments made to bondholders.
The INE953L08303 Debenture is issued by Jana Small Finance Bank Limited, a Private Sector company.