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Instrument Details

ISIN: INE918K07GK7

Face value

₹1,00,000

Coupon rate

NIFTY 10 YR BENCHMARK G-SEC

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

6

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

09 Jul 2020

Maturity Date

07 Aug 2021

Perpetual

Yes

Listing Status

Unlisted

Rating status

PP-MLD A1+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NUVAMA WEALTH FINANCE LIMITED SR E1G002A BR NCD 08JL21 FVRS1LAC
Nuvama Wealth Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE918K07GK7, with a face value of ₹1,00,000 rs on 09Jul20 to raise 6 crores. The debt instrument is issued with a coupon rate of NIFTY 10 YR BENCHMARK G-SEC and its interest is paid on Maturity. 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 NIFTY 10 YR BENCHMARK G-SEC (CLEAN PRICE) INDEX LINKED SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES E1G002A. DATE OF MATURITY 08/07/2021. 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 PP-MLD A1+ rating to this Debenture on 04Jun20. This issuer is formerly known as EDELWEISS FINANCE & INVESTMENTS LIMITED, EDELWEISS FINANCE & INVESTMENTS PVT Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A1
Highest Safety
PP-MLD A1+
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Date Verified
08 Feb 2023
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Outlook
No Outlook
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

NIFTY 10 YR BENCHMARK G-SEC

Returns

Linked to Markets

Bond Rating

PP-MLD A1+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE918K07GK7 issued by Nuvama Wealth Finance Limited

The instrument name of INE918K07GK7 ISIN is NUVAMA WEALTH FINANCE LIMITED SR E1G002A BR NCD 08JL21 FVRS1LAC.
The interest earned from the INE918K07GK7 bond issued by Nuvama Wealth Finance Limited is paid at the time of maturity
This INE918K07GK7 bond issued by Nuvama Wealth Finance Limited has been assigned a credit rating of PP-MLD A1+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE918K07GK7 bond issued by Nuvama Wealth Finance Limited is NIFTY 10 YR BENCHMARK G-SEC.
The INE918K07GK7 Debenture is issued by Nuvama Wealth Finance Limited, a Private Sector company.
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