Instrument Details

ISIN: INE302E07409

Face value

₹1,000

Coupon rate

8.50%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

8.2637

Instrument Type

Debenture

Returns

High

Date of Issue

29 Apr 2022

Maturity Date

29 Apr 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SAKTHI FINANCE LIMITED OPT I 8.50 NCD 29AP24 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07409, with a face value of ₹1,000 rs on 29Apr22 to raise 8.2637 crores. The debt instrument is issued with a coupon rate of 8.50% and its interest is paid Monthly. 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 8.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.OPTION I. DATE OF MATURITY 29/04/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. 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
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Date Verified
15 Jan 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
29-Apr-22 : Your investment
₹708
29-May-22 : Interest
₹708
29-Jun-22 : Interest
₹708
29-Jul-22 : Interest
₹708
29-Aug-22 : Interest
₹708
29-Sep-22 : Interest
₹708
29-Oct-22 : Interest
₹708
29-Nov-22 : Interest
₹708
29-Dec-22 : Interest
₹708
29-Jan-23 : Interest
₹708
01-Mar-23 : Interest
₹708
01-Apr-23 : Interest
₹708
01-May-23 : Interest
₹708
01-Jun-23 : Interest
₹708
01-Jul-23 : Interest
₹708
01-Aug-23 : Interest
₹708
01-Sep-23 : Interest
₹708
01-Oct-23 : Interest
₹708
01-Nov-23 : Interest
₹708
01-Dec-23 : Interest
₹708
01-Jan-24 : Interest
₹708
01-Feb-24 : Interest
₹708
01-Mar-24 : Interest
₹708
01-Apr-24 : Interest
₹318
29-Apr-24 : Interest
₹1,16,610
29-Apr-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹16,610)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

Returns

High

Bond Rating

BBB

Seniority in Repayment

None

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

FAQs about INE302E07409 issued by Sakthi Finance Limited

The instrument name of INE302E07409 ISIN is SAKTHI FINANCE LIMITED OPT I 8.50 NCD 29AP24 FVRS1000.
The interest earned from INE302E07409 bond issued by Sakthi Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE302E07409 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.
This Debenture offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE302E07409 Debenture is issued by Sakthi Finance Limited, a Private Sector company.