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Instrument Details

ISIN: INE02YC08016

Face value

₹1,00,00,000

Coupon rate

14%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

17 Dec 2019

Maturity Date

31 Dec 2026

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SATIN HOUSING FINANCE LIMITED 14 NCD 31DC26 FVRS1CR
Satin Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE02YC08016, with a face value of ₹1,00,00,000 rs on 17Dec19 to raise 20 crores. The debt instrument is issued with a coupon rate of 14% and its interest is paid Semi 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 14% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/12/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 26Dec19. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 17Dec19. 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
Subordinate Tier 2
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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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000

Cashflow

₹1,00,00,00,000
17-Dec-19 : Your investment
₹7,00,00,000
17-Jun-20 : Interest
₹7,00,00,000
17-Dec-20 : Interest
₹7,00,00,000
17-Jun-21 : Interest
₹7,00,00,000
17-Dec-21 : Interest
₹7,00,00,000
17-Jun-22 : Interest
₹7,00,00,000
17-Dec-22 : Interest
₹7,00,00,000
17-Jun-23 : Interest
₹7,00,00,000
17-Dec-23 : Interest
₹7,00,00,000
17-Jun-24 : Interest
₹7,00,00,000
17-Dec-24 : Interest
₹7,00,00,000
17-Jun-25 : Interest
₹7,00,00,000
17-Dec-25 : Interest
₹7,00,00,000
17-Jun-26 : Interest
₹7,00,00,000
17-Dec-26 : Interest
₹1,98,00,00,000
31-Dec-26 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹98,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

14%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rating

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Rated ★ 4.3+ on

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FAQs about INE02YC08016 issued by Satin Housing Finance Limited

The instrument name of INE02YC08016 ISIN is SATIN HOUSING FINANCE LIMITED 14 NCD 31DC26 FVRS1CR.
The interest earned from INE02YC08016 bond issued by Satin Housing Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE02YC08016 bond issued by Satin Housing Finance Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 14%, which determines the periodic interest payments made to bondholders.
The INE02YC08016 Debenture is issued by Satin Housing Finance Limited, a Private Sector company.
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