The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE302E07243

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

15.4134

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

15 May 2019

Maturity Date

15 May 2023

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SAKTHI FINANCE LIMITED OPT VIII NCD 15MY23 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07243, with a face value of ₹1,000 rs on 15May19 to raise 15.4134 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 ZERO COUPON SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION VIII. DATE OF MATURITY 15/05/2023. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 17May19. ICRA LIMITED has given BBB rating to this Debenture on 12Jan24. 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
BBB
check
Date Verified
15 Jan 2024
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

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
Coimbatore
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector
wm-logo

Take control of your wealth

Track and Analyse all your investments with Wealth Monitor

4.3

Rating

rating

Rated ★ 4.3+ on

playstoreappstore

Download the App

appstore
playstore
wm-qr

FAQs about INE302E07243 issued by Sakthi Finance Limited

The instrument name of INE302E07243 ISIN is SAKTHI FINANCE LIMITED OPT VIII NCD 15MY23 FVRS1000.
Never, as INE302E07243 bond issued by Sakthi Finance Limited is a Zero-coupon bond.
This INE302E07243 bond issued by Sakthi Finance Limited has been assigned a credit rating of BBB by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE302E07243 bond issued by Sakthi Finance Limited is 0%.
The INE302E07243 Debenture is issued by Sakthi Finance Limited, a Private Sector company.
qr

Track all your investments in one place

Download Wealth Monitor App

cross
wm logo

Track and monitor all
your investments