Instrument Details

ISIN: INE432R07125

Face value

₹10,00,000

Coupon rate

9%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

15

Instrument Type

Debenture

Returns

High

Date of Issue

02 May 2016

Maturity Date

05 Feb 2023

Perpetual

Yes

Listing Status

Listed

Rating status

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 HOUSING FINANCE LIMITED SR-VII TRCH 2 9 NCD 02MY23 FVRS10LAC
Shriram Housing Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE432R07125, with a face value of ₹10,00,000 rs on 02May16 to raise 15 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VII TRANCHE 02. DATE OF MATURITY 02/05/2023. 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 19May16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Apr16. 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
17 Mar 2023
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Outlook
Stable
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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
02-May-16 : Your investment
₹90,00,000
02-May-17 : Interest
₹90,00,000
02-May-18 : Interest
₹90,00,000
02-May-19 : Interest
₹90,00,000
02-May-20 : Interest
₹90,00,000
02-May-21 : Interest
₹90,00,000
02-May-22 : Interest
₹69,04,109
05-Feb-23 : Interest
₹16,09,04,109
05-Feb-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,09,04,109)

Summary

Instrument Attributes

Value

Coupon Rate

9%

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 INE432R07125 issued by Shriram Housing Finance Limited

The instrument name of INE432R07125 ISIN is SHRIRAM HOUSING FINANCE LIMITED SR-VII TRCH 2 9 NCD 02MY23 FVRS10LAC.
The interest earned from INE432R07125 bond issued by Shriram Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE432R07125 bond issued by Shriram Housing Finance Limited has been assigned a credit rating of AA+ 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%, which determines the periodic interest payments made to bondholders.
The INE432R07125 Debenture is issued by Shriram Housing Finance Limited, a Private Sector company.