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Instrument Details

ISIN: INE660A07RB2

Face value

₹10,00,000

Coupon rate

4.85%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Medium

Date of Issue

24 Sep 2021

Maturity Date

22 Sep 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (ICRA 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

SUNDARAM FINANCE LIMITED SR V8 4.85 NCD 22SP23 FVRS10LAC
Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A07RB2, with a face value of ₹10,00,000 rs on 24Sep21 to raise 500 crores. The debt instrument is issued with a coupon rate of 4.85% 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 4.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES V8.DATE OF MATURITY 22/09/2023. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 28Sep21. ICRA LIMITED has given AAA rating to this Debenture on 17May24. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
20 May 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

4.85%

Returns

Medium

Bond Rating

AAA

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 INE660A07RB2 issued by Sundaram Finance Limited

The instrument name of INE660A07RB2 ISIN is SUNDARAM FINANCE LIMITED SR V8 4.85 NCD 22SP23 FVRS10LAC.
The interest earned from the INE660A07RB2 bond issued by Sundaram Finance Limited is paid at the time of maturity
This INE660A07RB2 bond issued by Sundaram Finance Limited has been assigned a credit rating of AAA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 4.85%, which determines the periodic interest payments made to bondholders.
The INE660A07RB2 Debenture is issued by Sundaram Finance Limited, a Private Sector company.
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