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Instrument Details

ISIN: INE881J07FT2

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

6.7822

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

24 Jan 2019

Maturity Date

24 Jan 2024

Perpetual

Yes

Listing Status

Listed

Rating status

D (Acuite 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 LTD SR VIII LOA 24JN24 FVRS1000
Srei Equipment Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE881J07FT2, with a face value of ₹1,000 rs on 24Jan19 to raise 6.7822 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 Secured Debenture is ZERO COUPON SECURED RATED LISTED REDEEMABEL NON CONVERTIBLE DEBENTURES.SERIES SEFL - ZC- SERIES VIII . LETTER OF ALLOTMENT. DATE OF MATURITY 24/01/2024. 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 28Jan19. Acuite Ratings And Research Limited has given D rating to this Debenture on 22Oct21. 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 Oct 2023
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Outlook
-
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

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 INE881J07FT2 issued by Srei Equipment Finance Ltd

The instrument name of INE881J07FT2 ISIN is SREI EQUIPMENT FINANCE LTD SR VIII LOA 24JN24 FVRS1000.
Never, as INE881J07FT2 bond issued by Srei Equipment Finance Ltd is a Zero-coupon bond.
This INE881J07FT2 bond issued by Srei Equipment Finance Ltd has been assigned a credit rating of D by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE881J07FT2 bond issued by Srei Equipment Finance Ltd is 0%.
The INE881J07FT2 Debenture is issued by Srei Equipment Finance Ltd, a Private Sector company.
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