Instrument Details

ISIN: INE721A07QV2

Face value

₹10,00,000

Coupon rate

(3M TBILL+2.44%)

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1000

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

17 Mar 2022

Maturity Date

15 Mar 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CARE 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 PPD MAR 2021-22 BR NCD 15MR24 FVRS10LAC
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QV2, with a face value of ₹10,00,000 rs on 17Mar22 to raise 1000 crores. The debt instrument is issued with a coupon rate of (3M TBILL+2.44%) 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 (3M TBILL+2.44%) SECURED RATED LISTED NON - CONVERTIBLE DEBENTURE.SERIES STFCL 03 PPD MAR 2021-22.DATE OF MATURITY 15/03/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 22Mar22. CARE RATINGS LIMITED has given AA+ rating to this Debenture on 17Mar22. 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
10 Jul 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

(3M TBILL+2.44%)

Returns

Linked to Markets

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 INE721A07QV2 issued by Shriram Transport Finance Company Limited

The instrument name of INE721A07QV2 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR 03 PPD MAR 2021-22 BR NCD 15MR24 FVRS10LAC.
The interest earned from INE721A07QV2 bond issued by Shriram Transport Finance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE721A07QV2 bond issued by Shriram Transport Finance Company Limited has been assigned a credit rating of AA+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE721A07QV2 bond issued by Shriram Transport Finance Company Limited is (3M TBILL+2.44%).
The INE721A07QV2 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.