Instrument Details

ISIN: INE124N07598

Face value

₹10,00,000

Coupon rate

GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

175

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

26 May 2022

Maturity Date

26 May 2024

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA- (Acuite 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 BR NCD 26MY24 FVRS10LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07598, with a face value of ₹10,00,000 rs on 26May22 to raise 175 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 NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 26/05/2024.. 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 01Jun22. Acuite Ratings And Research Limited has given PP-MLD AA- rating to this Debenture on 23May22. 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
AA
High Safety
PP-MLD AA-
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Date Verified
29 Dec 2023
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Outlook
Stable
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Seniority in Repayment
None
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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

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 INE124N07598 issued by Sk Finance Limited

The instrument name of INE124N07598 ISIN is SK FINANCE LIMITED BR NCD 26MY24 FVRS10LAC.
The interest earned from the INE124N07598 bond issued by Sk Finance Limited is paid at the time of maturity
This INE124N07598 bond issued by Sk Finance Limited has been assigned a credit rating of PP-MLD AA- by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE124N07598 bond issued by Sk Finance Limited is GSEC LINKED.
The INE124N07598 Debenture is issued by Sk Finance Limited, a Private Sector company.