Instrument Details

ISIN: INE721A07QX8

Face value

₹10,00,000

Coupon rate

Variable Coupon

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

700

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

18 Apr 2022

Maturity Date

18 Apr 2024

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 PPD I APR 2022-23 BR NCD 18AP24 FVRS10LAC
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07QX8, with a face value of ₹10,00,000 rs on 18Apr22 to raise 700 crores. The debt instrument is issued with a coupon rate of 12 MONTHS T-BILL LINKED + SPREAD 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 12 MONTHS T-BILL LINKED + SPREAD SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES STFCL PPD I APR 2022-23. DATE OF MATURITY 18/04/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 21Apr22. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Debenture on 20Dec21. 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

Summary

Instrument Attributes

Value

Coupon Rate

Variable Coupon

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 INE721A07QX8 issued by Shriram Transport Finance Company Limited

The instrument name of INE721A07QX8 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR PPD I APR 2022-23 BR NCD 18AP24 FVRS10LAC.
The interest earned from INE721A07QX8 bond issued by Shriram Transport Finance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE721A07QX8 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.
The coupon rate of INE721A07QX8 bond issued by Shriram Transport Finance Company Limited is 12 MONTHS T-BILL LINKED + SPREAD.
The INE721A07QX8 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.