Instrument Details

ISIN: INE850M07269

Face value

₹10,00,000

Coupon rate

10.40%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

13 Jul 2020

Maturity Date

13 Jul 2023

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (INDIA 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

NORTHERN ARC CAPITAL LIMITED 10.40 NCD 13JL23 FVRS10LAC
Northern Arc Capital Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE850M07269, with a face value of ₹10,00,000 rs on 13Jul20 to raise 50 crores. The debt instrument is issued with a coupon rate of 10.40% and its interest is paid Quarterly. 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 10.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 13/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 21Jul20. INDIA RATING AND RESEARCH PVT. LTD has given A+ rating to this Debenture on 22Apr20. This issuer is formerly known as IFMR CAPITAL FINANCE LIMITED, IFMR CAPITAL FINANCE PRIVATE LIMITED, HIGHLAND LEASING AND FINANCE PRIVATE 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
A
Adequate Safety
A+
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Date Verified
28 Oct 2022
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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
13-Jul-20 : Your investment
₹26,00,000
13-Oct-20 : Interest
₹26,00,000
13-Jan-21 : Interest
₹26,00,000
13-Apr-21 : Interest
₹26,00,000
13-Jul-21 : Interest
₹26,00,000
13-Oct-21 : Interest
₹26,00,000
13-Jan-22 : Interest
₹26,00,000
13-Apr-22 : Interest
₹26,00,000
13-Jul-22 : Interest
₹26,00,000
13-Oct-22 : Interest
₹26,00,000
13-Jan-23 : Interest
₹26,00,000
13-Apr-23 : Interest
₹26,00,000
13-Jul-23 : Interest
₹13,12,00,000
13-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,12,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.40%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE850M07269 issued by Northern Arc Capital Limited

The instrument name of INE850M07269 ISIN is NORTHERN ARC CAPITAL LIMITED 10.40 NCD 13JL23 FVRS10LAC.
The interest earned from INE850M07269 bond issued by Northern Arc Capital Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE850M07269 bond issued by Northern Arc Capital Limited has been assigned a credit rating of A+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.4%, which determines the periodic interest payments made to bondholders.
The INE850M07269 Debenture is issued by Northern Arc Capital Limited, a Private Sector company.