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Instrument Details

ISIN: INE04HY07021

Face value

₹10,00,000

Coupon rate

11.42%

Payment

Quarterly

Tax Type

Taxable

Issue Size (Cr)

22.9

Instrument Type

Debenture

Returns

High

Date of Issue

08 Apr 2022

Maturity Date

12 Aug 2025

Perpetual

Yes

Listing Status

Unlisted

Rating status

BBB+ (Acuite 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

VEDIKA CREDIT CAPITAL LTD TR 1&2 11.42 NCD 08DC25 FVRS10LAC
Vedika Credit Capital Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE04HY07021, with a face value of ₹10,00,000 rs on 08Apr22 to raise 22.9 crores. The debt instrument is issued with a coupon rate of 11.42% and its interest is paid Quarterly. 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 11.42% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE 1 & 2. DATE OF MATURITY 08/12/2025.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Acuite Ratings And Research Limited has given BBB+ rating to this Debenture on 03Jan22. This issuer is formerly known as VEDIKA CREDIT CAPITAL PRIVATE LTD Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB+
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Date Verified
20 Mar 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
08-Apr-22 : Your investment
₹28,55,000
08-Jul-22 : Interest
₹28,55,000
08-Oct-22 : Interest
₹28,55,000
08-Jan-23 : Interest
₹28,55,000
08-Apr-23 : Interest
₹28,55,000
08-Jul-23 : Interest
₹28,55,000
08-Oct-23 : Interest
₹28,55,000
08-Jan-24 : Interest
₹28,55,000
08-Apr-24 : Interest
₹28,55,000
08-Jul-24 : Interest
₹28,55,000
08-Oct-24 : Interest
₹28,55,000
08-Jan-25 : Interest
₹28,55,000
08-Apr-25 : Interest
₹28,55,000
08-Jul-25 : Interest
-₹4,91,694
12-Aug-25 : Interest
₹13,66,23,305
12-Aug-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,66,23,305)

Summary

Instrument Attributes

Value

Coupon Rate

11.42%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE04HY07021 issued by Vedika Credit Capital Ltd

The instrument name of INE04HY07021 ISIN is VEDIKA CREDIT CAPITAL LTD TR 1&2 11.42 NCD 08DC25 FVRS10LAC.
The interest earned from INE04HY07021 bond issued by Vedika Credit Capital Ltd is paid Quarterly, ensuring regular and consistent income for investors.
This INE04HY07021 bond issued by Vedika Credit Capital Ltd has been assigned a credit rating of BBB+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.42%, which determines the periodic interest payments made to bondholders.
The INE04HY07021 Debenture is issued by Vedika Credit Capital Ltd, a Private Sector company.
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