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Instrument Details

ISIN: INE0FWI07039

Face value

₹10,00,000

Coupon rate

12.85%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

30

Instrument Type

Debenture

Returns

High

Date of Issue

15 Mar 2022

Maturity Date

15 Mar 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SINDHUJA MICROCREDIT PRIVATE LIMITED 12.85 NCD 15MR24 FVRS10LAC
Sindhuja Microcredit Private Limited, has floated Debenture, having ISIN value as INE0FWI07039, with a face value of ₹10,00,000 rs on 15Mar22 to raise 30 crores. The debt instrument is issued with a coupon rate of 12.85% and its interest is paid Semi 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 12.85% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 15/03/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given BBB rating to this Debenture on 10Mar22. This issuer is formerly known as SINDHUJA FINTECH PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB
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Date Verified
21 Dec 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
15-Mar-22 : Your investment
₹64,25,000
15-Sep-22 : Interest
₹64,25,000
15-Mar-23 : Interest
₹64,25,000
15-Sep-23 : Interest
₹64,25,000
15-Mar-24 : Interest
₹12,57,00,000
15-Mar-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,57,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

12.85%

Returns

High

Bond Rating

BBB

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Others
Head Office
HEAD OFFICE
Noida
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE0FWI07039 issued by Sindhuja Microcredit Private Limited

The instrument name of INE0FWI07039 ISIN is SINDHUJA MICROCREDIT PRIVATE LIMITED 12.85 NCD 15MR24 FVRS10LAC.
The interest earned from INE0FWI07039 bond issued by Sindhuja Microcredit Private Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE0FWI07039 bond issued by Sindhuja Microcredit Private Limited has been assigned a credit rating of BBB 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 12.85%, which determines the periodic interest payments made to bondholders.
The INE0FWI07039 Debenture is issued by Sindhuja Microcredit Private Limited, a Private Sector company.
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