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Instrument Details

ISIN: INE302E08035

Face value

₹1,000

Coupon rate

10.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1.067

Instrument Type

Debenture

Returns

High

Date of Issue

15 May 2019

Maturity Date

15 Jun 2024

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SAKTHI FINANCE LIMITED OPT X 10.25 NCD 15JU24 FVRS1000
Sakthi Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE302E08035, with a face value of ₹1,000 rs on 15May19 to raise 1.067 crores. The debt instrument is issued with a coupon rate of 10.25% 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 10.25% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION X. DATE OF MATURITY 15/06/2024. 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 23May24. 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
24 May 2024
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
15-May-19 : Your investment
₹10,250
15-May-20 : Interest
₹10,250
15-May-21 : Interest
₹10,250
15-May-22 : Interest
₹10,250
15-May-23 : Interest
₹10,250
15-May-24 : Interest
₹1,51,250
15-Jun-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹51,250)

Summary

Instrument Attributes

Value

Coupon Rate

10.25%

Returns

High

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

FAQs about INE302E08035 issued by Sakthi Finance Limited

The instrument name of INE302E08035 ISIN is SAKTHI FINANCE LIMITED OPT X 10.25 NCD 15JU24 FVRS1000.
The interest earned from INE302E08035 bond issued by Sakthi Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE302E08035 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 10.25%, which determines the periodic interest payments made to bondholders.
The INE302E08035 Debenture is issued by Sakthi Finance Limited, a Private Sector company.
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