Instrument Details

ISIN: INE021608059

Face value

₹100

Coupon rate

8.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

25

Instrument Type

Debenture

Returns

High

Date of Issue

25 Mar 2022

Maturity Date

08 Jan 2028

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

PEERLESS FINANCIAL SERVICES LTD 8.5 LOA 01AG28 FVRS100
Peerless Financial Services Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE021608059, with a face value of ₹100 rs on 25Mar22 to raise 25 crores. The debt instrument is issued with a coupon rate of 8.50% 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 Unsecured Debenture is 8.50% UNSECURED UNRATED UNLISTED FULLY PAID UP NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 01/08/2028.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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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
₹100
Lot Size
100
Minimum Investment
₹10,000

Cashflow

₹10,000
25-Mar-22 : Your investment
₹850
25-Mar-23 : Interest
₹850
25-Mar-24 : Interest
₹850
25-Mar-25 : Interest
₹850
25-Mar-26 : Interest
₹850
25-Mar-27 : Interest
₹675
08-Jan-28 : Interest
₹14,925
08-Jan-28 : Maturity amount (Investment: ₹10,000, Interest earned: ₹4,925)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE021608059 issued by Peerless Financial Services Ltd

The instrument name of INE021608059 ISIN is PEERLESS FINANCIAL SERVICES LTD 8.5 LOA 01AG28 FVRS100.
The interest earned from INE021608059 bond issued by Peerless Financial Services Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE021608059 bond issued by Peerless Financial Services Ltd does not currently have an assigned credit rating
This Debenture offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE021608059 Debenture is issued by Peerless Financial Services Ltd, a Private Sector company.