Instrument Details

ISIN: INE721A07RA4

Face value

₹10,00,000

Coupon rate

8.72%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

3300

Instrument Type

Debenture

Returns

High

Date of Issue

17 Aug 2022

Maturity Date

17 Aug 2032

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR 01 PPD 8.72 NCD 17AG32 FVRS10LAC
Shriram Transport Finance Company Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE721A07RA4, with a face value of ₹10,00,000 rs on 17Aug22 to raise 3300 crores. The debt instrument is issued with a coupon rate of 8.72% 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 8.72% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. STFCL 01 PPD AUG 2022-23. DATE OF MATURITY 17/08/2032.. 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 22Aug22. 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
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
17-Aug-22 : Your investment
₹87,20,000
17-Aug-23 : Interest
₹87,20,000
17-Aug-24 : Interest
₹87,20,000
17-Aug-25 : Interest
₹87,20,000
17-Aug-26 : Interest
₹87,20,000
17-Aug-27 : Interest
₹87,20,000
17-Aug-28 : Interest
₹87,20,000
17-Aug-29 : Interest
₹87,20,000
17-Aug-30 : Interest
₹87,20,000
17-Aug-31 : Interest
₹87,20,000
17-Aug-32 : Interest
₹18,72,00,000
17-Aug-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,72,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.72%

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 INE721A07RA4 issued by Shriram Transport Finance Company Limited

The instrument name of INE721A07RA4 ISIN is SHRIRAM TRANSPORT FINANCE COMPANY LIMITED SR 01 PPD 8.72 NCD 17AG32 FVRS10LAC.
The interest earned from INE721A07RA4 bond issued by Shriram Transport Finance Company Limited is paid Annually, ensuring regular and consistent income for investors.
This INE721A07RA4 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 8.72%, which determines the periodic interest payments made to bondholders.
The INE721A07RA4 Debenture is issued by Shriram Transport Finance Company Limited, a Private Sector company.