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Instrument Details

ISIN: INE722A07BD0

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

23 Nov 2021

Maturity Date

23 May 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SHRIRAM CITY UNION FINANCE LIMITED SR XXIX TR 1 BR NCD 23MY24 FVRS10LAC
Shriram City Union Finance Limited, a Financial Institution company, has floated Debenture, having ISIN value as INE722A07BD0, with a face value of ₹10,00,000 rs on 23Nov21 to raise 300 crores. The debt instrument is issued with a coupon rate of GSEC LINKED 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 GSEC LINKED SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES XXIX TRANCHE 01. DATE OF MATURITY 23/05/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 26Nov21. INDIA RATING AND RESEARCH PVT. LTD has given PP-MLD AA+ rating to this Debenture on 09Nov21. 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+
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Date Verified
02 Jan 2024
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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

GSEC LINKED

Returns

Linked to Markets

Bond Rating

PP-MLD AA+

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 INE722A07BD0 issued by Shriram City Union Finance Limited

The instrument name of INE722A07BD0 ISIN is SHRIRAM CITY UNION FINANCE LIMITED SR XXIX TR 1 BR NCD 23MY24 FVRS10LAC.
The interest earned from the INE722A07BD0 bond issued by Shriram City Union Finance Limited is paid at the time of maturity
This INE722A07BD0 bond issued by Shriram City Union Finance Limited has been assigned a credit rating of PP-MLD AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE722A07BD0 bond issued by Shriram City Union Finance Limited is GSEC LINKED.
The INE722A07BD0 Debenture is issued by Shriram City Union Finance Limited, a Private Sector company.
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