Instrument Details

ISIN: INE722A07AR2

Face value

₹10,00,000

Coupon rate

G SEC LINK

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

491.36

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

01 Mar 2021

Maturity Date

03 Jan 2023

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA+r (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SHRIRAM CITY UNION FINANCE LIMITED SR XXII BR NCD 01MR23 FVRS10LAC
Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AR2, with a face value of ₹10,00,000 rs on 01Mar21 to raise 491.36 crores. The debt instrument is issued with a coupon rate of G SEC LINK 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 10 YEAR GSEC LINKED SECURED RATED LISTED REDEEMABLE TAXABLE PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURES.SERIES XXII. DATE OF MATURITY 01/03/2023. 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 15Mar21. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD AA+r 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
PP-MLD AA+r
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Date Verified
03 Jan 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

G SEC LINK

Returns

Linked to Markets

Bond Rating

PP-MLD AA+r

Seniority in Repayment

Senior

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 INE722A07AR2 issued by Shriram City Union Finance Limited

The instrument name of INE722A07AR2 ISIN is SHRIRAM CITY UNION FINANCE LIMITED SR XXII BR NCD 01MR23 FVRS10LAC.
The interest earned from the INE722A07AR2 bond issued by Shriram City Union Finance Limited is paid at the time of maturity
This INE722A07AR2 bond issued by Shriram City Union Finance Limited has been assigned a credit rating of PP-MLD AA+r by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE722A07AR2 bond issued by Shriram City Union Finance Limited is G SEC LINK.
The INE722A07AR2 Debenture is issued by Shriram City Union Finance Limited, a Private Sector company.