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Instrument Details

ISIN: INE872A07RE7

Face value

₹10,00,000

Coupon rate

11.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

0.7

Instrument Type

Debenture

Returns

High

Date of Issue

24 Jan 2013

Maturity Date

24 Jan 2023

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (BRICKWORK Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SREI EQUIPMENT FINANCE LIMITED SRA 11.5 NCD 24JN23 FVRS10LAC LOA UPTO 30JN13
Srei Equipment Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE872A07RE7, with a face value of ₹10,00,000 rs on 24Jan13 to raise 0.7 crores. The debt instrument is issued with a coupon rate of 11.50% and its interest is paid 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 11.50% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES-A SINGLE RATED.LETTER OF ALLOTMENT.DATE OF MATURITY: 24/01/2023. This instrument is issued in Unknown mode. It has Simple coupon type with Not Applicable option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PWT LTD has given D rating to this Debenture on 15Jul16. This issuer is formerly known as SREI EQUIPMENT FINANCE PRIVATE LTD, SREI INFRA DEV FINANCE PVT LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
D
Default or Expect to Default
D
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Date Verified
02 Sep 2022
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Outlook
No Outlook
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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
24-Jan-13 : Your investment
₹1,15,00,000
24-Jan-14 : Interest
₹1,15,00,000
24-Jan-15 : Interest
₹1,15,00,000
24-Jan-16 : Interest
₹1,15,00,000
24-Jan-17 : Interest
₹1,15,00,000
24-Jan-18 : Interest
₹1,15,00,000
24-Jan-19 : Interest
₹1,15,00,000
24-Jan-20 : Interest
₹1,15,00,000
24-Jan-21 : Interest
₹1,15,00,000
24-Jan-22 : Interest
₹1,15,00,000
24-Jan-23 : Interest
₹21,50,00,000
24-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,50,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

Returns

High

Bond Rating

D

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

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Rated ★ 4.3+ on

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FAQs about INE872A07RE7 issued by Srei Equipment Finance Limited

The instrument name of INE872A07RE7 ISIN is SREI EQUIPMENT FINANCE LIMITED SRA 11.5 NCD 24JN23 FVRS10LAC LOA UPTO 30JN13.
The interest earned from INE872A07RE7 bond issued by Srei Equipment Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE872A07RE7 bond issued by Srei Equipment Finance Limited has been assigned a credit rating of D by BRICKWORK RATINGS INDIA PWT LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.5%, which determines the periodic interest payments made to bondholders.
The INE872A07RE7 Debenture is issued by Srei Equipment Finance Limited, a Private Sector company.
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