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Instrument Details

ISIN: INE881J07DH2

Face value

₹10,00,000

Coupon rate

10.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

20 Jun 2014

Maturity Date

20 Jun 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

D (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SREI EQUIPMENT FINANCE LTD 10.9 LOA 20JU24 FVRS10LAC
Srei Equipment Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE881J07DH2, with a face value of ₹10,00,000 rs on 20Jun14 to raise 10 crores. The debt instrument is issued with a coupon rate of 10.90% 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 10.90% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 20/06/2024. This instrument is issued in Private Placement 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 20Jun14. 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
04 Mar 2024
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Outlook
No Outlook
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Seniority in Repayment
Senior
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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
20-Jun-14 : Your investment
₹1,09,00,000
20-Jun-15 : Interest
₹1,09,00,000
20-Jun-16 : Interest
₹1,09,00,000
20-Jun-17 : Interest
₹1,09,00,000
20-Jun-18 : Interest
₹1,09,00,000
20-Jun-19 : Interest
₹1,09,00,000
20-Jun-20 : Interest
₹1,09,00,000
20-Jun-21 : Interest
₹1,09,00,000
20-Jun-22 : Interest
₹1,09,00,000
20-Jun-23 : Interest
₹1,09,00,000
20-Jun-24 : Interest
₹20,90,00,000
20-Jun-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,90,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.90%

Returns

High

Bond Rating

D

Seniority in Repayment

Senior

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 INE881J07DH2 issued by Srei Equipment Finance Ltd

The instrument name of INE881J07DH2 ISIN is SREI EQUIPMENT FINANCE LTD 10.9 LOA 20JU24 FVRS10LAC.
The interest earned from INE881J07DH2 bond issued by Srei Equipment Finance Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE881J07DH2 bond issued by Srei Equipment Finance Ltd 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 10.9%, which determines the periodic interest payments made to bondholders.
The INE881J07DH2 Debenture is issued by Srei Equipment Finance Ltd, a Private Sector company.
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