Instrument Details

ISIN: INE03BW08044

Face value

₹1,00,00,000

Coupon rate

7.36%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

55

Instrument Type

Debenture

Returns

Medium

Date of Issue

25 Mar 2021

Maturity Date

25 Mar 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

KOTAK INVESTMENT ADVISORS LIMITED SR D 7.36 NCD 25MR24 FVRS1CR
Kotak Investment Advisors Limited, a Other Financial Services company, has floated Debenture, having ISIN value as INE03BW08044, with a face value of ₹1,00,00,000 rs on 25Mar21 to raise 55 crores. The debt instrument is issued with a coupon rate of 7.36% and its interest is paid Semi 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 7.36% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES D. DATE OF MATURITY 25/03/2024. 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 AAA rating to this Debenture on 17Sep20. This issuer is formerly known as KOTAK MAHINDRA SECURITIES 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
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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
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
25-Mar-21 : Your investment
₹3,68,00,000
25-Sep-21 : Interest
₹3,68,00,000
25-Mar-22 : Interest
₹3,68,00,000
25-Sep-22 : Interest
₹3,68,00,000
25-Mar-23 : Interest
₹3,68,00,000
25-Sep-23 : Interest
₹3,68,00,000
25-Mar-24 : Interest
₹1,22,08,00,000
25-Mar-24 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹22,08,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.36%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE03BW08044 issued by Kotak Investment Advisors Limited

The instrument name of INE03BW08044 ISIN is KOTAK INVESTMENT ADVISORS LIMITED SR D 7.36 NCD 25MR24 FVRS1CR.
The interest earned from INE03BW08044 bond issued by Kotak Investment Advisors Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE03BW08044 bond issued by Kotak Investment Advisors 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 7.36%, which determines the periodic interest payments made to bondholders.
The INE03BW08044 Debenture is issued by Kotak Investment Advisors Limited, a Private Sector company.