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Instrument Details

ISIN: INE448U07208

Face value

₹10,00,000

Coupon rate

10.35%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Debenture

Returns

High

Date of Issue

23 Jun 2022

Maturity Date

23 Jun 2028

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 14 10.35 NCD 23JU28 FVRS10LAC
Veritas Finance Private Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE448U07208, with a face value of ₹10,00,000 rs on 23Jun22 to raise 150 crores. The debt instrument is issued with a coupon rate of 10.35% and its interest is paid Semi 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 Secured Debenture is 10.35% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES 14. DATE OF MATURITY 23/06/2028.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Jun22. CARE RATINGS LIMITED has given A+ rating to this Debenture on 23Jun22. 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
09 Oct 2024
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Outlook
Positive
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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
23-Jun-22 : Your investment
₹51,75,000
23-Dec-22 : Interest
₹51,75,000
23-Jun-23 : Interest
₹51,75,000
23-Dec-23 : Interest
₹51,75,000
23-Jun-24 : Interest
₹51,75,000
23-Dec-24 : Interest
₹51,75,000
23-Jun-25 : Interest
₹51,75,000
23-Dec-25 : Interest
₹51,75,000
23-Jun-26 : Interest
₹51,75,000
23-Dec-26 : Interest
₹51,75,000
23-Jun-27 : Interest
₹51,75,000
23-Dec-27 : Interest
₹51,75,000
23-Jun-28 : Interest
₹16,21,00,000
23-Jun-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,21,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.35%

Returns

High

Bond Rating

A+

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 INE448U07208 issued by Veritas Finance Private Limited

The instrument name of INE448U07208 ISIN is VERITAS FINANCE PRIVATE LIMITED SR 14 10.35 NCD 23JU28 FVRS10LAC.
The interest earned from INE448U07208 bond issued by Veritas Finance Private Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE448U07208 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.
This Debenture offers a coupon rate of 10.35%, which determines the periodic interest payments made to bondholders.
The INE448U07208 Debenture is issued by Veritas Finance Private Limited, a Private Sector company.
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