Instrument Details

ISIN: INE124N07382

Face value

₹10,00,000

Coupon rate

11.25%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

08 Jun 2020

Maturity Date

06 Aug 2023

Perpetual

Yes

Listing Status

Listed

Rating status

A+ (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED SR 5237096-5237195 11.25 NCD 08JU23 FVRS10LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07382, with a face value of ₹10,00,000 rs on 08Jun20 to raise 10 crores. The debt instrument is issued with a coupon rate of 11.25% 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 11.25% SECURED RATED LISTED FULLY PAID-UP, SENIOR, SECURED, REDEEMABLE, TAXABLE, NON-CONVERTIBLE DEBENTURES. SERIES 5237096-5237195. DATE OF MATURITY 08/06/2023. 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 17Jun20. CRISIL RATINGS LIMITED has given A+ rating to this Debenture on 03Jun20. This issuer is formerly known as ESS KAY FINCORP LIMITED, ESS KAY FINCORP PRIVATE LIMITED, ESS KAY AUTO FINANCE 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
A
Adequate Safety
A+
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Date Verified
10 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
08-Jun-20 : Your investment
₹56,25,000
08-Dec-20 : Interest
₹56,25,000
08-Jun-21 : Interest
₹56,25,000
08-Dec-21 : Interest
₹56,25,000
08-Jun-22 : Interest
₹56,25,000
08-Dec-22 : Interest
₹56,25,000
08-Jun-23 : Interest
₹13,37,50,000
06-Aug-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,37,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.25%

Returns

High

Bond Rating

A+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Jaipur
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE124N07382 issued by Sk Finance Limited

The instrument name of INE124N07382 ISIN is SK FINANCE LIMITED SR 5237096-5237195 11.25 NCD 08JU23 FVRS10LAC.
The interest earned from INE124N07382 bond issued by Sk Finance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE124N07382 bond issued by Sk Finance Limited has been assigned a credit rating of A+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.25%, which determines the periodic interest payments made to bondholders.
The INE124N07382 Debenture is issued by Sk Finance Limited, a Private Sector company.