Instrument Details

ISIN: INE872A08CH0

Face value

₹10,00,000

Coupon rate

11.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

28.9

Instrument Type

Debenture

Returns

High

Date of Issue

28 Sep 2012

Maturity Date

28 Sep 2022

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (CARE 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

SREI EQUIPMENT FINANCE LIMITED 11.7 LOA 28SP22 FVRS10LAC - Defaulted in Redemption
Srei Equipment Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE872A08CH0, with a face value of ₹10,00,000 rs on 28Sep12 to raise 28.9 crores. The debt instrument is issued with a coupon rate of 11.70% 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 Unsecured Debenture is 11.70% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBT IN THE NATURE OF DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 28/09/2022.. This instrument is issued in Unknown mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given D rating to this Debenture on 28Sep12. 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
check
Date Verified
03 Mar 2023
check
Outlook
No Outlook
logo
Seniority in Repayment
None
logo
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
28-Sep-12 : Your investment
₹1,17,00,000
28-Sep-13 : Interest
₹1,17,00,000
28-Sep-14 : Interest
₹1,17,00,000
28-Sep-15 : Interest
₹1,17,00,000
28-Sep-16 : Interest
₹1,17,00,000
28-Sep-17 : Interest
₹1,17,00,000
28-Sep-18 : Interest
₹1,17,00,000
28-Sep-19 : Interest
₹1,17,00,000
28-Sep-20 : Interest
₹1,17,00,000
28-Sep-21 : Interest
₹1,17,00,000
28-Sep-22 : Interest
₹21,70,00,000
28-Sep-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,70,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.70%

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

FAQs about INE872A08CH0 issued by Srei Equipment Finance Limited

The instrument name of INE872A08CH0 ISIN is SREI EQUIPMENT FINANCE LIMITED 11.7 LOA 28SP22 FVRS10LAC - Defaulted in Redemption.
The interest earned from INE872A08CH0 bond issued by Srei Equipment Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE872A08CH0 bond issued by Srei Equipment Finance Limited has been assigned a credit rating of D by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.7%, which determines the periodic interest payments made to bondholders.
The INE872A08CH0 Debenture is issued by Srei Equipment Finance Limited, a Private Sector company.