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Instrument Details

ISIN: INE660A07RF3

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

400

Instrument Type

Debenture

Returns

Low

Date of Issue

06 Jun 2022

Maturity Date

06 May 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (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

SUNDARAM FINANCE LIMITED SR W2 NCD 05JU26 FVRS10LAC
Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A07RF3, with a face value of ₹10,00,000 rs on 06Jun22 to raise 400 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES W2. DATE OF MATURITY 05/06/2026.. 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 09Jun22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 13May22. 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
07 Jun 2022
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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

0%

Returns

Low

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 INE660A07RF3 issued by Sundaram Finance Limited

The instrument name of INE660A07RF3 ISIN is SUNDARAM FINANCE LIMITED SR W2 NCD 05JU26 FVRS10LAC.
Never, as INE660A07RF3 bond issued by Sundaram Finance Limited is a Zero-coupon bond.
This INE660A07RF3 bond issued by Sundaram Finance Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE660A07RF3 bond issued by Sundaram Finance Limited is 0%.
The INE660A07RF3 Debenture is issued by Sundaram Finance Limited, a Private Sector company.
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