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Instrument Details

ISIN: INE428Q08073

Face value

₹10,00,000

Coupon rate

12.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

08 Sep 2020

Maturity Date

04 Jul 2027

Perpetual

Yes

Listing Status

Listed

Rating status

A (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2-Lower

Guarantee Type

Non Convertible

About this Bond

SURYODAY SMALL FINANCE BANK LIMITED 12.50 NCD 07AP27 FVRS10LAC
Suryoday Small Finance Bank Limited, a Finance company, has floated Debenture, having ISIN value as INE428Q08073, with a face value of ₹10,00,000 rs on 08Sep20 to raise 100 crores. The debt instrument is issued with a coupon rate of 12.50% 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 12.50% UNSECURED LISTED RATED REDEEMABLE SUBORDINATED LOWER TIER II BONDS IN THE NATURE OF NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/04/2027. 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 25Sep20. ICRA LIMITED has given A rating to this Debenture on 19Mar24. This issuer is formerly known as SURYODAY MICRO FINANCE LIMITED, SURYODAY MICRO FINANCE PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
A
Adequate Safety
A
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Date Verified
20 Mar 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2-Lower
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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
08-Sep-20 : Your investment
₹1,25,00,000
08-Sep-21 : Interest
₹1,25,00,000
08-Sep-22 : Interest
₹1,25,00,000
08-Sep-23 : Interest
₹1,25,00,000
08-Sep-24 : Interest
₹1,25,00,000
08-Sep-25 : Interest
₹1,25,00,000
08-Sep-26 : Interest
₹1,02,73,972
04-Jul-27 : Interest
₹18,52,73,972
04-Jul-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,52,73,972)

Summary

Instrument Attributes

Value

Coupon Rate

12.50%

Returns

High

Bond Rating

A

Seniority in Repayment

Subordinate Tier 2-Lower

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector
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Rated ★ 4.3+ on

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FAQs about INE428Q08073 issued by Suryoday Small Finance Bank Limited

The instrument name of INE428Q08073 ISIN is SURYODAY SMALL FINANCE BANK LIMITED 12.50 NCD 07AP27 FVRS10LAC.
The interest earned from INE428Q08073 bond issued by Suryoday Small Finance Bank Limited is paid Annually, ensuring regular and consistent income for investors.
This INE428Q08073 bond issued by Suryoday Small Finance Bank Limited has been assigned a credit rating of A by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 12.5%, which determines the periodic interest payments made to bondholders.
The INE428Q08073 Debenture is issued by Suryoday Small Finance Bank Limited, a Private Sector company.
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