Instrument Details

ISIN: INE881J08458

Face value

₹10,00,000

Coupon rate

10.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

4

Instrument Type

Debenture

Returns

High

Date of Issue

26 May 2016

Maturity Date

26 May 2026

Perpetual

Yes

Listing Status

Listed

Rating status

D (Acuite 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-SEFL NCD 2016-C 10.25 NCD 26MY26 FVRS10LAC
Srei Equipment Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE881J08458, with a face value of ₹10,00,000 rs on 26May16 to raise 4 crores. The debt instrument is issued with a coupon rate of 10.25% 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 10.25% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES SEFL NCD 2016-C. DATE OF MATURITY 26/05/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 09Jun16. 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
Subordinate Tier 2
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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
26-May-16 : Your investment
₹1,02,50,000
26-May-17 : Interest
₹1,02,50,000
26-May-18 : Interest
₹1,02,50,000
26-May-19 : Interest
₹1,02,50,000
26-May-20 : Interest
₹1,02,50,000
26-May-21 : Interest
₹1,02,50,000
26-May-22 : Interest
₹1,02,50,000
26-May-23 : Interest
₹1,02,50,000
26-May-24 : Interest
₹1,02,50,000
26-May-25 : Interest
₹1,02,50,000
26-May-26 : Interest
₹20,25,00,000
26-May-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.25%

Returns

High

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 INE881J08458 issued by Srei Equipment Finance Ltd

The instrument name of INE881J08458 ISIN is SREI EQUIPMENT FINANCE LTD SR-SEFL NCD 2016-C 10.25 NCD 26MY26 FVRS10LAC.
The interest earned from INE881J08458 bond issued by Srei Equipment Finance Ltd is paid Annually, ensuring regular and consistent income for investors.
This INE881J08458 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.
This Debenture offers a coupon rate of 10.25%, which determines the periodic interest payments made to bondholders.
The INE881J08458 Debenture is issued by Srei Equipment Finance Ltd, a Private Sector company.