Instrument Details

ISIN: INE302E07417

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

12.3512

Instrument Type

Debenture

Returns

Low

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 II NCD 29AP24 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E07417, with a face value of ₹1,000 rs on 29Apr22 to raise 12.3512 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.OPTION II. DATE OF MATURITY 29/04/2024. This instrument is issued in Public Issue mode. It has Compounding 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

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

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 INE302E07417 issued by Sakthi Finance Limited

The instrument name of INE302E07417 ISIN is SAKTHI FINANCE LIMITED OPT II NCD 29AP24 FVRS1000.
Never, as INE302E07417 bond issued by Sakthi Finance Limited is a Zero-coupon bond.
This INE302E07417 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 INE302E07417 bond issued by Sakthi Finance Limited is 0%.
The INE302E07417 Debenture is issued by Sakthi Finance Limited, a Private Sector company.