Instrument Details

ISIN: INE872A08DK2

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

3.1572

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

16 Mar 2018

Maturity Date

16 Mar 2028

Perpetual

Yes

Listing Status

Listed

Rating status

D (BRICKWORK 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

SREI EQUIPMENT FINANCE LTD SR-XI LOA 16MR28 FVRS1000
Srei Equipment Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE872A08DK2, with a face value of ₹1,000 rs on 16Mar18 to raise 3.1572 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES XI. LETTER OF ALLOTMENT. DATE OF MATURITY 16/03/2028. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Feb20 & on NSE stock exchange on 27Feb20. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given D rating to this Debenture on 05Feb18. 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
23 Apr 2021
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Outlook
-
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

D

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
Kolkata
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE872A08DK2 issued by Srei Equipment Finance Limited

The instrument name of INE872A08DK2 ISIN is SREI EQUIPMENT FINANCE LTD SR-XI LOA 16MR28 FVRS1000.
Never, as INE872A08DK2 bond issued by Srei Equipment Finance Limited is a Zero-coupon bond.
This INE872A08DK2 bond issued by Srei Equipment Finance Limited has been assigned a credit rating of D by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE872A08DK2 bond issued by Srei Equipment Finance Limited is 0%.
The INE872A08DK2 Debenture is issued by Srei Equipment Finance Limited, a Private Sector company.