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Instrument Details

ISIN: INE348L07126

Face value

₹8,75,000

Coupon rate

1 YR MCLR LINKED

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

22 Jun 2022

Maturity Date

21 Jun 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

MAS FINANCIAL SERVICES LIMITED BR LOA 21JU24 FVRS875000
Mas Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE348L07126, with a face value of ₹8,75,000 rs on 22Jun22 to raise 50 crores. The debt instrument is issued with a coupon rate of 1 YR MCLR LINKED 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 1 YEAR SBI MCLR LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 21/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 24Jun22. CARE RATINGS LIMITED has given AA- rating to this Debenture on 22Jun22. 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
02 Apr 2024
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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

1 YR MCLR LINKED

Returns

Linked to Markets

Bond Rating

AA-

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE348L07126 issued by Mas Financial Services Limited

The instrument name of INE348L07126 ISIN is MAS FINANCIAL SERVICES LIMITED BR LOA 21JU24 FVRS875000.
The interest earned from INE348L07126 bond issued by Mas Financial Services Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE348L07126 bond issued by Mas Financial Services Limited has been assigned a credit rating of AA- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE348L07126 bond issued by Mas Financial Services Limited is 1 YR MCLR LINKED.
The INE348L07126 Debenture is issued by Mas Financial Services Limited, a Private Sector company.
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