Instrument Details

ISIN: INE423Y07062

Face value

₹10,00,000

Coupon rate

8.57%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

43

Instrument Type

Debenture

Returns

High

Date of Issue

06 Aug 2021

Maturity Date

08 Jun 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

AA- (INDIA Ratings)

Call Option

Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SBFC FINANCE LIMITED SR A 8.57 NCD 06AG24 FVRS10LAC
Sbfc Finance Limited, a Finance company, has floated Debenture, having ISIN value as INE423Y07062, with a face value of ₹10,00,000 rs on 06Aug21 to raise 43 crores. The debt instrument is issued with a coupon rate of 8.57% 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 Secured Debenture is 8.57% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES A. DATE OF MATURITY 06/08/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA- rating to this Debenture on 05Mar21. This issuer is formerly known as SBFC FINANCE PRIVATE LIMITED, SMALBUSINESS FINCREDIT INDIA PRIVATE LIMITED, MAPE FINSERVE PRIVATE LIMIED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA-
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Date Verified
18 Dec 2023
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
06-Aug-21 : Your investment
₹85,70,000
06-Aug-22 : Interest
₹85,70,000
06-Aug-23 : Interest
₹72,08,191
08-Jun-24 : Interest
₹12,43,48,191
08-Jun-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,43,48,191)

Summary

Instrument Attributes

Value

Coupon Rate

8.57%

Returns

High

Bond Rating

AA-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE423Y07062 issued by Sbfc Finance Limited

The instrument name of INE423Y07062 ISIN is SBFC FINANCE LIMITED SR A 8.57 NCD 06AG24 FVRS10LAC.
The interest earned from INE423Y07062 bond issued by Sbfc Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE423Y07062 bond issued by Sbfc Finance Limited has been assigned a credit rating of AA- by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.57%, which determines the periodic interest payments made to bondholders.
The INE423Y07062 Debenture is issued by Sbfc Finance Limited, a Private Sector company.