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Instrument Details

ISIN: INE722A07AQ4

Face value

₹10,00,000

Coupon rate

9.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

75.69

Instrument Type

Debenture

Returns

High

Date of Issue

22 Feb 2021

Maturity Date

21 Feb 2031

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SHRIRAM CITY UNION FINANCE LIMITED SR XXI OP II 9.50 NCD 21FB31 FVRS10LAC
Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AQ4, with a face value of ₹10,00,000 rs on 22Feb21 to raise 75.69 crores. The debt instrument is issued with a coupon rate of 9.50% 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 9.50% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES XXI OPTION II. DATE OF MATURITY 21/02/2031.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 30Mar21. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 15Feb21. 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
20 Sep 2024
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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
22-Feb-21 : Your investment
₹95,00,000
22-Feb-22 : Interest
₹95,00,000
22-Feb-23 : Interest
₹95,00,000
22-Feb-24 : Interest
₹95,00,000
22-Feb-25 : Interest
₹95,00,000
22-Feb-26 : Interest
₹95,00,000
22-Feb-27 : Interest
₹95,00,000
22-Feb-28 : Interest
₹95,00,000
22-Feb-29 : Interest
₹95,00,000
22-Feb-30 : Interest
₹95,26,027
21-Feb-31 : Interest
₹19,50,26,027
21-Feb-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,50,26,027)

Summary

Instrument Attributes

Value

Coupon Rate

9.50%

Returns

High

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Financial Institution
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE722A07AQ4 issued by Shriram City Union Finance Limited

The instrument name of INE722A07AQ4 ISIN is SHRIRAM CITY UNION FINANCE LIMITED SR XXI OP II 9.50 NCD 21FB31 FVRS10LAC.
The interest earned from INE722A07AQ4 bond issued by Shriram City Union Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE722A07AQ4 bond issued by Shriram City Union 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 9.5%, which determines the periodic interest payments made to bondholders.
The INE722A07AQ4 Debenture is issued by Shriram City Union Finance Limited, a Private Sector company.
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