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7.85% Shriram Transport Finance Company Limited - AAA Rated (INE721A07QE8)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE721A07QE8
Face value
₹3,00,000
Coupon rate
7.85%
Payment
Monthly
Tax Type
Taxable
Issue Size (Cr)
250
Instrument Type
Debenture
Returns
Medium
Date of Issue
05 Jan 2021
Maturity Date
07 Apr 2025
Perpetual
Yes
Listing Status
Listed
Rating status
AAA(CE) (INDIA Ratings)
Call Option
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 BD DEC20 7.85 NCD 04JL25 FVRS300000
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE721A07QE8, with a face value of ₹3,00,000 rs on 05Jan21 to raise 250 crores. The debt instrument
is issued with a coupon rate of 7.85% and its interest is paid
Monthly. 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 7.85% SENIOR SECURED RATED LISTED REDEEMABLE NON - CONVERTIBLE DEBENTURE.SERIES STFCL DUAL RECOURSE BONDS DEC 2020.DATE OF MATURITY 04/07/2025.. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Debenture is listed on BSE stock
exchange on 11Jan21. INDIA RATING AND RESEARCH PVT. LTD has given AAA(CE) rating to
this Debenture on 24Dec20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹3,00,000
Lot Size
100
Minimum Investment
₹3,00,00,000
Cashflow
₹3,00,00,000
05-Jan-21 : Your investment
₹1,96,250
05-Feb-21 : Interest
₹1,96,250
05-Mar-21 : Interest
₹1,96,250
05-Apr-21 : Interest
₹1,96,250
05-May-21 : Interest
₹1,96,250
05-Jun-21 : Interest
₹1,96,250
05-Jul-21 : Interest
₹1,96,250
05-Aug-21 : Interest
₹1,96,250
05-Sep-21 : Interest
₹1,96,250
05-Oct-21 : Interest
₹1,96,250
05-Nov-21 : Interest
₹1,96,250
05-Dec-21 : Interest
₹1,96,250
05-Jan-22 : Interest
₹1,96,250
05-Feb-22 : Interest
₹1,96,250
05-Mar-22 : Interest
₹1,96,250
05-Apr-22 : Interest
₹1,96,250
05-May-22 : Interest
₹1,96,250
05-Jun-22 : Interest
₹1,96,250
05-Jul-22 : Interest
₹1,96,250
05-Aug-22 : Interest
₹1,96,250
05-Sep-22 : Interest
₹1,96,250
05-Oct-22 : Interest
₹1,96,250
05-Nov-22 : Interest
₹1,96,250
05-Dec-22 : Interest
₹1,96,250
05-Jan-23 : Interest
₹1,96,250
05-Feb-23 : Interest
₹1,96,250
05-Mar-23 : Interest
₹1,96,250
05-Apr-23 : Interest
₹1,96,250
05-May-23 : Interest
₹1,96,250
05-Jun-23 : Interest
₹1,96,250
05-Jul-23 : Interest
₹1,96,250
05-Aug-23 : Interest
₹1,96,250
05-Sep-23 : Interest
₹1,96,250
05-Oct-23 : Interest
₹1,96,250
05-Nov-23 : Interest
₹1,96,250
05-Dec-23 : Interest
₹1,96,250
05-Jan-24 : Interest
₹1,96,250
05-Feb-24 : Interest
₹1,96,250
05-Mar-24 : Interest
₹1,96,250
05-Apr-24 : Interest
₹1,96,250
05-May-24 : Interest
₹1,96,250
05-Jun-24 : Interest
₹1,96,250
05-Jul-24 : Interest
₹1,96,250
05-Aug-24 : Interest
₹1,96,250
05-Sep-24 : Interest
₹1,96,250
05-Oct-24 : Interest
₹1,96,250
05-Nov-24 : Interest
₹1,96,250
05-Dec-24 : Interest
₹1,96,250
05-Jan-25 : Interest
₹1,96,250
05-Feb-25 : Interest
₹1,96,250
05-Mar-25 : Interest
₹1,96,250
05-Apr-25 : Interest
-₹29,437
07-Apr-25 : Interest
₹3,99,79,312
07-Apr-25 : Maturity amount (Investment: ₹3,00,00,000, Interest earned: ₹99,79,312)
Summary
Instrument Attributes
Value
Coupon Rate
7.85%
Returns
Medium
Bond Rating
AAA(CE)
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Shriram Transport Finance Company Limited
FAQs about INE721A07QE8 issued by Shriram Transport Finance Company Limited
What is the instrument name of INE721A07QE8 ISIN?
The instrument name of INE721A07QE8 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR BD DEC20 7.85 NCD 04JL25 FVRS300000.
How frequently is the interest paid on INE721A07QE8 bond issued by Shriram Transport Finance Company Limited?
The interest earned from INE721A07QE8 bond issued by Shriram Transport Finance Company Limited is paid Monthly, ensuring regular and consistent income for investors.
What is the credit rating of the INE721A07QE8 bond issued by Shriram Transport Finance Company Limited?
This INE721A07QE8 bond issued by Shriram Transport Finance Company Limited has been assigned a credit rating of AAA(CE) by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE721A07QE8 bond issued by Shriram Transport Finance Company Limited?
This Debenture offers a coupon rate of 7.85%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE721A07QE8 Debenture?
The INE721A07QE8 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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