Instrument Details

ISIN: INE958G08955

Face value

₹10,00,000

Coupon rate

12.20%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

12 Oct 2012

Maturity Date

10 Dec 2022

Perpetual

Yes

Listing Status

Listed

Rating status

D (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

RELIGARE FINVEST LIMITED 12.2 LOA 12OT22 FVRS10LAC - Defaulted in Redemption
Religare Finvest Limited, a Finance company, has floated Debenture, having ISIN value as INE958G08955, with a face value of ₹10,00,000 rs on 12Oct12 to raise 50 crores. The debt instrument is issued with a coupon rate of 12.20% 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 12.20% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 12/10/2022.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 07Feb13. INDIA RATING AND RESEARCH PVT. LTD has given D rating to this Debenture on 08May19. This issuer is formerly known as FORTIS FINVEST 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
D
Default or Expect to Default
D
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Date Verified
13 Jun 2023
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Outlook
No Outlook
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Seniority in Repayment
Subordinate Tier 2
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
12-Oct-12 : Your investment
₹1,22,00,000
12-Oct-13 : Interest
₹1,22,00,000
12-Oct-14 : Interest
₹1,22,00,000
12-Oct-15 : Interest
₹1,22,00,000
12-Oct-16 : Interest
₹1,22,00,000
12-Oct-17 : Interest
₹1,22,00,000
12-Oct-18 : Interest
₹1,22,00,000
12-Oct-19 : Interest
₹1,22,00,000
12-Oct-20 : Interest
₹1,22,00,000
12-Oct-21 : Interest
₹1,22,00,000
12-Oct-22 : Interest
₹22,20,00,000
10-Dec-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹12,20,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

12.20%

Returns

High

Bond Rating

D

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE958G08955 issued by Religare Finvest Limited

The instrument name of INE958G08955 ISIN is RELIGARE FINVEST LIMITED 12.2 LOA 12OT22 FVRS10LAC - Defaulted in Redemption.
The interest earned from INE958G08955 bond issued by Religare Finvest Limited is paid Annually, ensuring regular and consistent income for investors.
This INE958G08955 bond issued by Religare Finvest Limited has been assigned a credit rating of D 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 12.2%, which determines the periodic interest payments made to bondholders.
The INE958G08955 Debenture is issued by Religare Finvest Limited, a Private Sector company.