The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE722A07AU6

Face value

₹10,00,000

Coupon rate

9.25%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

High

Date of Issue

28 Feb 2020

Maturity Date

28 May 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

WITHDRAWN (INDIA Ratings)

Call Option

Not Available

Put Option

Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SHRIRAM CITY UNION FINANCE LIMITED SR XIII 9.25 NCD 28MY24 FVRS10LAC
Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07AU6, with a face value of ₹10,00,000 rs on 28Feb20 to raise 500 crores. The debt instrument is issued with a coupon rate of 9.25% and its interest is paid Quarterly. 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 9.25% SECURED LISTED RATED LISTED FULLY PAID SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES XIII. DATE OF MATURITY : 28/05/2024. 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 LTD has given WITHDRAWN rating to this Debenture on 31May21. 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
check
Date Verified
N/A
check
Outlook
N/A
logo
Seniority in Repayment
Senior
logo
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
28-Feb-20 : Your investment
₹23,12,500
28-May-20 : Interest
₹23,12,500
28-Aug-20 : Interest
₹23,12,500
28-Nov-20 : Interest
₹23,12,500
28-Feb-21 : Interest
₹23,12,500
28-May-21 : Interest
₹23,12,500
28-Aug-21 : Interest
₹23,12,500
28-Nov-21 : Interest
₹23,12,500
28-Feb-22 : Interest
₹23,12,500
28-May-22 : Interest
₹23,12,500
28-Aug-22 : Interest
₹23,12,500
28-Nov-22 : Interest
₹23,12,500
28-Feb-23 : Interest
₹23,12,500
28-May-23 : Interest
₹23,12,500
28-Aug-23 : Interest
₹23,12,500
28-Nov-23 : Interest
₹23,12,500
28-Feb-24 : Interest
₹23,12,500
28-May-24 : Interest
₹13,93,12,500
28-May-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,93,12,500)

Summary

Instrument Attributes

Value

Coupon Rate

9.25%

Returns

High

Bond Rating

WITHDRAWN

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 INE722A07AU6 issued by Shriram City Union Finance Limited

The instrument name of INE722A07AU6 ISIN is SHRIRAM CITY UNION FINANCE LIMITED SR XIII 9.25 NCD 28MY24 FVRS10LAC.
The interest earned from INE722A07AU6 bond issued by Shriram City Union Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE722A07AU6 bond issued by Shriram City Union Finance Limited has been assigned a credit rating of WITHDRAWN 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 9.25%, which determines the periodic interest payments made to bondholders.
The INE722A07AU6 Debenture is issued by Shriram City Union Finance Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow