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Instrument Details

ISIN: INE432R07018

Face value

₹10,00,000

Coupon rate

10.30%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

40

Instrument Type

Debenture

Returns

High

Date of Issue

10 Oct 2014

Maturity Date

10 Oct 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CARE 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 HOUSING FINANCE LIMITED TR-01 SR-A 10.3 NCD 10OT24 FVRS10LAC
Shriram Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE432R07018, with a face value of ₹10,00,000 rs on 10Oct14 to raise 40 crores. The debt instrument is issued with a coupon rate of 10.30% 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 10.30% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 01. SERIES A. DATE OF MATURITY 10/10/2024. 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 03Nov14. CARE Ratings Limited has given AA+ rating to this Debenture on 10Oct14. 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
24 May 2024
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Outlook
No Outlook
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Seniority in Repayment
Senior
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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
10-Oct-14 : Your investment
₹1,03,00,000
10-Oct-15 : Interest
₹1,03,00,000
10-Oct-16 : Interest
₹1,03,00,000
10-Oct-17 : Interest
₹1,03,00,000
10-Oct-18 : Interest
₹1,03,00,000
10-Oct-19 : Interest
₹1,03,00,000
10-Oct-20 : Interest
₹1,03,00,000
10-Oct-21 : Interest
₹1,03,00,000
10-Oct-22 : Interest
₹1,03,00,000
10-Oct-23 : Interest
₹1,03,00,000
10-Oct-24 : Interest
₹20,30,00,000
10-Oct-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,30,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.30%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE432R07018 issued by Shriram Housing Finance Limited

The instrument name of INE432R07018 ISIN is SHRIRAM HOUSING FINANCE LIMITED TR-01 SR-A 10.3 NCD 10OT24 FVRS10LAC.
The interest earned from INE432R07018 bond issued by Shriram Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE432R07018 bond issued by Shriram Housing Finance Limited has been assigned a credit rating of AA+ by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.3%, which determines the periodic interest payments made to bondholders.
The INE432R07018 Debenture is issued by Shriram Housing Finance Limited, a Private Sector company.
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