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Instrument Details

ISIN: INE894E07462

Face value

₹1,000

Coupon rate

13.25%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

0.035

Instrument Type

Debenture

Returns

High

Date of Issue

30 Mar 2022

Maturity Date

30 Mar 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

Not Rated

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

SALEM ERODE INVESTMENTS LTD SR III CUM SNR CZ 13.25 NCD 30MR25 FVRS1000
Salem Erode Investments Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE894E07462, with a face value of ₹1,000 rs on 30Mar22 to raise 0.035 crores. The debt instrument is issued with a coupon rate of 13.25% and its interest is paid on Maturity. 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 13.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III(CUMULATIVE-SENIOR CITIZEN). DATE OF MATURITY 30/03/2025.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SALEM-ERODE TEA & INVESTMENT COMPANY LIMITED, THE SALEM-ERODE ELECTRICITY DISTRI. CO. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

13.25%

Returns

High

Bond Rating

Unrated

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE894E07462 issued by Salem Erode Investments Ltd

The instrument name of INE894E07462 ISIN is SALEM ERODE INVESTMENTS LTD SR III CUM SNR CZ 13.25 NCD 30MR25 FVRS1000.
The interest earned from the INE894E07462 bond issued by Salem Erode Investments Ltd is paid at the time of maturity
This INE894E07462 bond issued by Salem Erode Investments Ltd does not currently have an assigned credit rating
This Debenture offers a coupon rate of 13.25%, which determines the periodic interest payments made to bondholders.
The INE894E07462 Debenture is issued by Salem Erode Investments Ltd, a Private Sector company.
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