Instrument Details

ISIN: INE124N08042

Face value

₹10,00,000

Coupon rate

13.50%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

20

Instrument Type

Debenture

Returns

High

Date of Issue

31 Jan 2017

Maturity Date

02 Mar 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED SR-192386-192585 13.5 NCD 03FB23 FVRS10LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N08042, with a face value of ₹10,00,000 rs on 31Jan17 to raise 20 crores. The debt instrument is issued with a coupon rate of 13.50% and its interest is paid Quarterly. 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 Unsecured Debenture is 13.50% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES- 192386-192585. DATE OF MATURITY 03/02/2023. 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 10Feb17. CARE Ratings Limited has given WITHDRAWN rating to this Debenture on 31Jan17. 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
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
31-Jan-17 : Your investment
₹33,75,000
01-May-17 : Interest
₹33,75,000
01-Aug-17 : Interest
₹33,75,000
01-Nov-17 : Interest
₹33,75,000
01-Feb-18 : Interest
₹33,75,000
01-May-18 : Interest
₹33,75,000
01-Aug-18 : Interest
₹33,75,000
01-Nov-18 : Interest
₹33,75,000
01-Feb-19 : Interest
₹33,75,000
01-May-19 : Interest
₹33,75,000
01-Aug-19 : Interest
₹33,75,000
01-Nov-19 : Interest
₹33,75,000
01-Feb-20 : Interest
₹33,75,000
01-May-20 : Interest
₹33,75,000
01-Aug-20 : Interest
₹33,75,000
01-Nov-20 : Interest
₹33,75,000
01-Feb-21 : Interest
₹33,75,000
01-May-21 : Interest
₹33,75,000
01-Aug-21 : Interest
₹33,75,000
01-Nov-21 : Interest
₹33,75,000
01-Feb-22 : Interest
₹33,75,000
01-May-22 : Interest
₹33,75,000
01-Aug-22 : Interest
₹33,75,000
01-Nov-22 : Interest
₹33,75,000
01-Feb-23 : Interest
-₹2,43,750
02-Mar-23 : Interest
₹18,07,56,250
02-Mar-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,07,56,250)

Summary

Instrument Attributes

Value

Coupon Rate

13.50%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

Subordinate Tier 2

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 INE124N08042 issued by Sk Finance Limited

The instrument name of INE124N08042 ISIN is SK FINANCE LIMITED SR-192386-192585 13.5 NCD 03FB23 FVRS10LAC.
The interest earned from INE124N08042 bond issued by Sk Finance Limited is paid Quarterly, ensuring regular and consistent income for investors.
This INE124N08042 bond issued by Sk Finance Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 13.5%, which determines the periodic interest payments made to bondholders.
The INE124N08042 Debenture is issued by Sk Finance Limited, a Private Sector company.