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Instrument Details

ISIN: INE881J08599

Face value

₹1,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

30.9132

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

08 Aug 2017

Maturity Date

11 Aug 2022

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-III LOA 08NV22 FVRS1000
Srei Equipment Finance Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE881J08599, with a face value of ₹1,000 rs on 08Aug17 to raise 30.9132 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 REDEEMABEL NON CONVERTIBLE SUBORDINATED DEBENTURES. SERIES III. LETTER OF ALLOTMENT. DATE OF MATURITY 08/11/2022. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 11Aug17 & on BSE stock exchange on 11Aug17. 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

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
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FAQs about INE881J08599 issued by Srei Equipment Finance Ltd

The instrument name of INE881J08599 ISIN is SREI EQUIPMENT FINANCE LTD SR-III LOA 08NV22 FVRS1000.
Never, as INE881J08599 bond issued by Srei Equipment Finance Ltd is a Zero-coupon bond.
This INE881J08599 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 INE881J08599 bond issued by Srei Equipment Finance Ltd is 0%.
The INE881J08599 Debenture is issued by Srei Equipment Finance Ltd, a Private Sector company.
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