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Instrument Details

ISIN: INE721A07PZ5

Face value

₹10,00,000

Coupon rate

9%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

75

Instrument Type

Debenture

Returns

High

Date of Issue

29 Oct 2020

Maturity Date

29 Oct 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR PP K-01 9 NCD 29OT30 FVRS10LAC
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07PZ5, with a face value of ₹10,00,000 rs on 29Oct20 to raise 75 crores. The debt instrument is issued with a coupon rate of 9% 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 9% SECURED SENIOR RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. STFCL OCT 2020-21 PP K-01. DATE OF MATURITY : 29/10/2030.. 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 11Nov20 & on NSE stock exchange on 10Nov20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 04May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA+
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Date Verified
02 Jan 2024
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Outlook
Stable
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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
29-Oct-20 : Your investment
₹90,00,000
29-Oct-21 : Interest
₹90,00,000
29-Oct-22 : Interest
₹90,00,000
29-Oct-23 : Interest
₹90,00,000
29-Oct-24 : Interest
₹90,00,000
29-Oct-25 : Interest
₹90,00,000
29-Oct-26 : Interest
₹90,00,000
29-Oct-27 : Interest
₹90,00,000
29-Oct-28 : Interest
₹90,00,000
29-Oct-29 : Interest
₹90,00,000
29-Oct-30 : Interest
₹19,00,00,000
29-Oct-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,00,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9%

Returns

High

Bond Rating

AA+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE721A07PZ5 issued by Shriram Transport Finance Company Limited

The instrument name of INE721A07PZ5 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR PP K-01 9 NCD 29OT30 FVRS10LAC.
The interest earned from INE721A07PZ5 bond issued by Shriram Transport Finance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE721A07PZ5 bond issued by Shriram Transport Finance Company Limited has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 9%, which determines the periodic interest payments made to bondholders.
The INE721A07PZ5 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.
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