Instrument Details

ISIN: INE246R07590

Face value

₹10,00,000

Coupon rate

7.80%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

400

Instrument Type

Debenture

Returns

Medium

Date of Issue

27 May 2022

Maturity Date

27 Aug 2027

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NIIF INFRASTRUCTURE FINANCE LIMITED SR PP 1 7.80 NCD27AG27 FVRS10LAC
Niif Infrastructure Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE246R07590, with a face value of ₹10,00,000 rs on 27May22 to raise 400 crores. The debt instrument is issued with a coupon rate of 7.80% 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 Secured Debenture is 7.80% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. NIIF IFL PP 1 2022-23. DATE OF MATURITY 27/08/2027.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27May22. CARE RATINGS LIMITED has given AAA rating to this Debenture on 27May22. This issuer is formerly known as IDFC INFRASTRUCTURE FINANCE LIMITED, IDFC INFRA DEBT FUND 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
18 Jul 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
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
27-May-22 : Your investment
₹78,00,000
27-May-23 : Interest
₹78,00,000
27-May-24 : Interest
₹78,00,000
27-May-25 : Interest
₹78,00,000
27-May-26 : Interest
₹78,00,000
27-May-27 : Interest
₹13,90,00,000
27-Aug-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,90,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.80%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE246R07590 issued by Niif Infrastructure Finance Limited

The instrument name of INE246R07590 ISIN is NIIF INFRASTRUCTURE FINANCE LIMITED SR PP 1 7.80 NCD27AG27 FVRS10LAC.
The interest earned from INE246R07590 bond issued by Niif Infrastructure Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE246R07590 bond issued by Niif Infrastructure Finance Limited has been assigned a credit rating of AAA by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.8%, which determines the periodic interest payments made to bondholders.
The INE246R07590 Debenture is issued by Niif Infrastructure Finance Limited, a Private Sector company.