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Instrument Details

ISIN: INE0L6807021

Face value

₹10,00,000

Coupon rate

Variable Coupon

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

336.7

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

27 May 2022

Maturity Date

06 Nov 2025

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD BBB+ (Acuite Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

PROVINCIAL FINANCE AND LEASING CO PRIVATE LIMITED SR B BR NCD 11JU25 FVRS10LAC
Provincial Finance And Leasing Co Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE0L6807021, with a face value of ₹10,00,000 rs on 27May22 to raise 336.7 crores. The debt instrument is issued with a coupon rate of UNDERLYING INVESTMENT STRATEGY LINKED 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 MARKET LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES B. DATE OF MATURITY 11/06/2025.. 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 01Jun22. Acuite Ratings And Research Limited has given PP-MLD BBB+ rating to this Debenture on 20May22. This issuer is formerly known as PROVINCIAL FINANCE AND LEASING CO 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
BBB
Moderately Safe
PP-MLD BBB+
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Date Verified
08 Nov 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

Returns

Linked to Markets

Bond Rating

PP-MLD BBB+

Seniority in Repayment

Senior

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
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Rating

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Rated ★ 4.3+ on

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FAQs about INE0L6807021 issued by Provincial Finance And Leasing Co Private Limited

The instrument name of INE0L6807021 ISIN is PROVINCIAL FINANCE AND LEASING CO PRIVATE LIMITED SR B BR NCD 11JU25 FVRS10LAC.
The interest earned from the INE0L6807021 bond issued by Provincial Finance And Leasing Co Private Limited is paid at the time of maturity
This INE0L6807021 bond issued by Provincial Finance And Leasing Co Private Limited has been assigned a credit rating of PP-MLD BBB+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE0L6807021 bond issued by Provincial Finance And Leasing Co Private Limited is UNDERLYING INVESTMENT STRATEGY LINKED.
The INE0L6807021 Debenture is issued by Provincial Finance And Leasing Co Private Limited, a Private Sector company.
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