Instrument Details

ISIN: INE348L08041

Face value

₹1,00,00,000

Coupon rate

10.75%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

20 Oct 2021

Maturity Date

20 May 2027

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CARE 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

MAS FINANCIAL SERVICES LIMITED 10.75 NCD 20MY27 FVRS1CR
Mas Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE348L08041, with a face value of ₹1,00,00,000 rs on 20Oct21 to raise 50 crores. The debt instrument is issued with a coupon rate of 10.75% 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 Unsecured Debenture is 10.75% UNSECURED RATED LISTED SUBORDINATED TIER 2 REDEEMABLE NON-CONVERTIBLE DEBENTURES.DATE OF MATURITY 20/05/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Oct21. CARE RATINGS LIMITED has given A+ rating to this Debenture on 20Oct21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A+
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Date Verified
19 Jan 2024
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
20-Oct-21 : Your investment
₹89,58,333
20-Nov-21 : Interest
₹89,58,333
20-Dec-21 : Interest
₹89,58,333
20-Jan-22 : Interest
₹89,58,333
20-Feb-22 : Interest
₹89,58,333
20-Mar-22 : Interest
₹89,58,333
20-Apr-22 : Interest
₹89,58,333
20-May-22 : Interest
₹89,58,333
20-Jun-22 : Interest
₹89,58,333
20-Jul-22 : Interest
₹89,58,333
20-Aug-22 : Interest
₹89,58,333
20-Sep-22 : Interest
₹89,58,333
20-Oct-22 : Interest
₹89,58,333
20-Nov-22 : Interest
₹89,58,333
20-Dec-22 : Interest
₹89,58,333
20-Jan-23 : Interest
₹89,58,333
20-Feb-23 : Interest
₹89,58,333
20-Mar-23 : Interest
₹89,58,333
20-Apr-23 : Interest
₹89,58,333
20-May-23 : Interest
₹89,58,333
20-Jun-23 : Interest
₹89,58,333
20-Jul-23 : Interest
₹89,58,333
20-Aug-23 : Interest
₹89,58,333
20-Sep-23 : Interest
₹89,58,333
20-Oct-23 : Interest
₹89,58,333
20-Nov-23 : Interest
₹89,58,333
20-Dec-23 : Interest
₹89,58,333
20-Jan-24 : Interest
₹89,58,333
20-Feb-24 : Interest
₹89,58,333
20-Mar-24 : Interest
₹89,58,333
20-Apr-24 : Interest
₹89,58,333
20-May-24 : Interest
₹89,58,333
20-Jun-24 : Interest
₹89,58,333
20-Jul-24 : Interest
₹89,58,333
20-Aug-24 : Interest
₹89,58,333
20-Sep-24 : Interest
₹89,58,333
20-Oct-24 : Interest
₹89,58,333
20-Nov-24 : Interest
₹89,58,333
20-Dec-24 : Interest
₹89,58,333
20-Jan-25 : Interest
₹89,58,333
20-Feb-25 : Interest
₹89,58,333
20-Mar-25 : Interest
₹89,58,333
20-Apr-25 : Interest
₹89,58,333
20-May-25 : Interest
₹89,58,333
20-Jun-25 : Interest
₹89,58,333
20-Jul-25 : Interest
₹89,58,333
20-Aug-25 : Interest
₹89,58,333
20-Sep-25 : Interest
₹89,58,333
20-Oct-25 : Interest
₹89,58,333
20-Nov-25 : Interest
₹89,58,333
20-Dec-25 : Interest
₹89,58,333
20-Jan-26 : Interest
₹89,58,333
20-Feb-26 : Interest
₹89,58,333
20-Mar-26 : Interest
₹89,58,333
20-Apr-26 : Interest
₹89,58,333
20-May-26 : Interest
₹89,58,333
20-Jun-26 : Interest
₹89,58,333
20-Jul-26 : Interest
₹89,58,333
20-Aug-26 : Interest
₹89,58,333
20-Sep-26 : Interest
₹89,58,333
20-Oct-26 : Interest
₹89,58,333
20-Nov-26 : Interest
₹89,58,333
20-Dec-26 : Interest
₹89,58,333
20-Jan-27 : Interest
₹89,58,333
20-Feb-27 : Interest
₹89,58,333
20-Mar-27 : Interest
₹89,58,333
20-Apr-27 : Interest
₹89,58,333
20-May-27 : Interest
₹1,49,305
20-May-27 : Interest
₹1,60,03,57,638
20-May-27 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹60,03,57,638)

Summary

Instrument Attributes

Value

Coupon Rate

10.75%

Returns

High

Bond Rating

A+

Seniority in Repayment

Subordinate Tier 2

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 INE348L08041 issued by Mas Financial Services Limited

The instrument name of INE348L08041 ISIN is MAS FINANCIAL SERVICES LIMITED 10.75 NCD 20MY27 FVRS1CR.
The interest earned from INE348L08041 bond issued by Mas Financial Services Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE348L08041 bond issued by Mas Financial Services Limited has been assigned a credit rating of A+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.75%, which determines the periodic interest payments made to bondholders.
The INE348L08041 Debenture is issued by Mas Financial Services Limited, a Private Sector company.