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8.75% Shriram City Union Finance Limited - AA Rated (INE722A07AX0)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE722A07AX0
Face value
₹10,00,000
Coupon rate
8.75%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
100
Instrument Type
Debenture
Returns
High
Date of Issue
23 Jul 2021
Maturity Date
23 Jul 2031
Perpetual
Yes
Listing Status
Listed
Rating status
AA+ (CRISIL 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 XXV OP I 8.75 NCD 23JL31 FVRS10LAC
Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture,
having ISIN value as INE722A07AX0, with a face value of ₹10,00,000 rs on 23Jul21 to raise 100 crores. The debt instrument
is issued with a coupon rate of 8.75% 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 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES XXV-OPTION I. DATE OF MATURITY 23/07/2031. 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 27Jul21. CRISIL RATINGS LIMITED has given AA+ rating to
this Debenture on 13Jul21. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
23-Jul-21 : Your investment
₹87,50,000
23-Jul-22 : Interest
₹87,50,000
23-Jul-23 : Interest
₹87,50,000
23-Jul-24 : Interest
₹87,50,000
23-Jul-25 : Interest
₹87,50,000
23-Jul-26 : Interest
₹87,50,000
23-Jul-27 : Interest
₹87,50,000
23-Jul-28 : Interest
₹87,50,000
23-Jul-29 : Interest
₹87,50,000
23-Jul-30 : Interest
₹87,50,000
23-Jul-31 : Interest
₹18,75,00,000
23-Jul-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,75,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.75%
Returns
High
Bond Rating
AA+
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Financial Institution
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Shriram City Union Finance Limited
FAQs about INE722A07AX0 issued by Shriram City Union Finance Limited
What is the instrument name of INE722A07AX0 ISIN?
The instrument name of INE722A07AX0 ISIN is SHRIRAM CITY UNION FINANCE LIMITED SR XXV OP I 8.75 NCD 23JL31 FVRS10LAC.
How frequently is the interest paid on INE722A07AX0 bond issued by Shriram City Union Finance Limited?
The interest earned from INE722A07AX0 bond issued by Shriram City Union Finance Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE722A07AX0 bond issued by Shriram City Union Finance Limited?
This INE722A07AX0 bond issued by Shriram City Union Finance Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE722A07AX0 bond issued by Shriram City Union Finance Limited?
This Debenture offers a coupon rate of 8.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE722A07AX0 Debenture?
The INE722A07AX0 Debenture is issued by Shriram City Union Finance Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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