Instrument Details

ISIN: INE721A07QI9

Face value

₹10,00,000

Coupon rate

G SEC LINK

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

1400

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

18 May 2021

Maturity Date

18 Nov 2023

Perpetual

Yes

Listing Status

Listed

Rating status

PP-MLD AA+ (CRISIL 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 03 BR NCD 18NV23 FVRS10LAC
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QI9, with a face value of ₹10,00,000 rs on 18May21 to raise 1400 crores. The debt instrument is issued with a coupon rate of G SEC LINK and its interest is paid on Maturity. 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 10 YEAR G SEC LINKED SENIOR SECURED RATED LISTED PRINCIPAL PROTECTED MARKET LINKED NON - CONVERTIBLE DEBENTURE. SERIES - STFCL MAY2021-22 PPMLY-03.DATE OF MATURITY -18/11/2023. 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 10Dec21. CRISIL RATINGS LIMITED has given PP-MLD AA+ rating to this Debenture on 16Mar21. 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
PP-MLD AA+
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Date Verified
08 Feb 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

G SEC LINK

Returns

Linked to Markets

Bond Rating

PP-MLD 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 INE721A07QI9 issued by Shriram Transport Finance Company Limited

The instrument name of INE721A07QI9 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR 03 BR NCD 18NV23 FVRS10LAC.
The interest earned from the INE721A07QI9 bond issued by Shriram Transport Finance Company Limited is paid at the time of maturity
This INE721A07QI9 bond issued by Shriram Transport Finance Company Limited has been assigned a credit rating of PP-MLD AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE721A07QI9 bond issued by Shriram Transport Finance Company Limited is G SEC LINK.
The INE721A07QI9 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.