Instrument Details

ISIN: INE660A08BZ3

Face value

₹10,00,000

Coupon rate

9.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

125

Instrument Type

Debenture

Returns

High

Date of Issue

26 Nov 2018

Maturity Date

24 Nov 2028

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SUNDARAM FINANCE LIMITED SR R10 9.75 NCD 24NV28 FVRS10LAC
Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A08BZ3, with a face value of ₹10,00,000 rs on 26Nov18 to raise 125 crores. The debt instrument is issued with a coupon rate of 9.75% 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 Unsecured Debenture is 9.75% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIES R 10. DATE OF MATURITY 24/11/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06Dec18 & on NSE stock exchange on 06Dec18. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 14Nov18. 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
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
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
26-Nov-18 : Your investment
₹97,50,000
26-Nov-19 : Interest
₹97,50,000
26-Nov-20 : Interest
₹97,50,000
26-Nov-21 : Interest
₹97,50,000
26-Nov-22 : Interest
₹97,50,000
26-Nov-23 : Interest
₹97,50,000
26-Nov-24 : Interest
₹97,50,000
26-Nov-25 : Interest
₹97,50,000
26-Nov-26 : Interest
₹97,50,000
26-Nov-27 : Interest
₹97,76,712
24-Nov-28 : Interest
₹19,75,26,712
24-Nov-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,75,26,712)

Summary

Instrument Attributes

Value

Coupon Rate

9.75%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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 INE660A08BZ3 issued by Sundaram Finance Limited

The instrument name of INE660A08BZ3 ISIN is SUNDARAM FINANCE LIMITED SR R10 9.75 NCD 24NV28 FVRS10LAC.
The interest earned from INE660A08BZ3 bond issued by Sundaram Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE660A08BZ3 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.
This Debenture offers a coupon rate of 9.75%, which determines the periodic interest payments made to bondholders.
The INE660A08BZ3 Debenture is issued by Sundaram Finance Limited, a Private Sector company.