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10.58% Veritas Finance Private Limited - A Rated (INE448U07190)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE448U07190
Face value
₹10,00,000
Coupon rate
10.58%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
25
Instrument Type
Debenture
Returns
High
Date of Issue
24 Mar 2022
Maturity Date
24 Sep 2024
Perpetual
Yes
Listing Status
Listed
Rating status
A+ (CARE Ratings)
Call Option
Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
VERITAS FINANCE PRIVATE LIMITED SR 13 10.58 NCD 24SP24 FVRS10LAC
Veritas Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE448U07190, with a face value of ₹10,00,000 rs on 24Mar22 to raise 25 crores. The debt instrument
is issued with a coupon rate of 10.58% 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 10.58% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES 13. DATE OF MATURITY 24/09/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 29Mar22. CARE RATINGS LIMITED has given A+ rating to
this Debenture on 24Mar22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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
24-Mar-22 : Your investment
₹26,45,000
24-Jun-22 : Interest
₹26,45,000
24-Sep-22 : Interest
₹26,45,000
24-Dec-22 : Interest
₹26,45,000
24-Mar-23 : Interest
₹26,45,000
24-Jun-23 : Interest
₹26,45,000
24-Sep-23 : Interest
₹26,45,000
24-Dec-23 : Interest
₹26,45,000
24-Mar-24 : Interest
₹26,45,000
24-Jun-24 : Interest
₹26,45,000
24-Sep-24 : Interest
₹12,64,50,000
24-Sep-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,64,50,000)
Summary
Instrument Attributes
Value
Coupon Rate
10.58%
Returns
High
Bond Rating
A+
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Veritas Finance Private Limited
FAQs about INE448U07190 issued by Veritas Finance Private Limited
What is the instrument name of INE448U07190 ISIN?
The instrument name of INE448U07190 ISIN is VERITAS FINANCE PRIVATE LIMITED SR 13 10.58 NCD 24SP24 FVRS10LAC.
How frequently is the interest paid on INE448U07190 bond issued by Veritas Finance Private Limited?
The interest earned from INE448U07190 bond issued by Veritas Finance Private Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE448U07190 bond issued by Veritas Finance Private Limited?
This INE448U07190 bond issued by Veritas Finance Private Limited has been assigned a credit rating of A+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE448U07190 bond issued by Veritas Finance Private Limited?
This Debenture offers a coupon rate of 10.58%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE448U07190 Debenture?
The INE448U07190 Debenture is issued by Veritas Finance Private Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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