Instrument Details

ISIN: INE124N08075

Face value

₹10,00,000

Coupon rate

1 YEAR SBI MCLR LINKED

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

35

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

29 Dec 2021

Maturity Date

29 Jun 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA- (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED BR NCD 29JU24 FVRS10LAC
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N08075, with a face value of ₹10,00,000 rs on 29Dec21 to raise 35 crores. The debt instrument is issued with a coupon rate of 1 YEAR SBI MCLR LINKED and its interest is paid Monthly. 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 1 YEAR SBI MCLR LINKED UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES SKFL UNSECURED NCD 12 2021.DATE OF MATURITY 29/06/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 03Jan22. ICRA LIMITED has given AA- rating to this Debenture on 21Sep23. 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
AA-
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Date Verified
22 Sep 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

1 YEAR SBI MCLR LINKED

Returns

Linked to Markets

Bond Rating

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 INE124N08075 issued by Sk Finance Limited

The instrument name of INE124N08075 ISIN is SK FINANCE LIMITED BR NCD 29JU24 FVRS10LAC.
The interest earned from INE124N08075 bond issued by Sk Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE124N08075 bond issued by Sk Finance Limited has been assigned a credit rating of AA- by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE124N08075 bond issued by Sk Finance Limited is 1 YEAR SBI MCLR LINKED.
The INE124N08075 Debenture is issued by Sk Finance Limited, a Private Sector company.