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16.67% Asa International India Microfinance Limited - D Rated (INE746T08015)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE746T08015
Face value
₹10,00,000
Coupon rate
16.67%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
75
Instrument Type
Debenture
Returns
High
Date of Issue
22 Dec 2020
Maturity Date
22 Jan 2028
Perpetual
Yes
Listing Status
Unlisted
Rating status
D (ICRA 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
ASA INTERNATIONAL INDIA MICROFINANCE LIMITED 16.67 NCD 22JN28 FVRS10LAC
Asa International India Microfinance Limited, a Finance company, has floated Debenture,
having ISIN value as INE746T08015, with a face value of ₹10,00,000 rs on 22Dec20 to raise 75 crores. The debt instrument
is issued with a coupon rate of 16.67% 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 Unsecured
Debenture is 16.67% UNSECURED RATED UNLISTED REDEEMBALE NON CONVERTIBLE DEBENTURES. MATURITY OF DATE 22/01/2028.. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. ICRA LIMITED has given D rating to
this Debenture on 07Jun24. This issuer is formerly known as ASA INTERNATIONAL INDIA MICROFINANCE PRIVATE LIMITED, DILKUSHA HIRE PURCHASE PRIVATE LIMITED 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
22-Dec-20 : Your investment
₹83,35,000
22-Jun-21 : Interest
₹83,35,000
22-Dec-21 : Interest
₹83,35,000
22-Jun-22 : Interest
₹83,35,000
22-Dec-22 : Interest
₹83,35,000
22-Jun-23 : Interest
₹83,35,000
22-Dec-23 : Interest
₹83,35,000
22-Jun-24 : Interest
₹83,35,000
22-Dec-24 : Interest
₹83,35,000
22-Jun-25 : Interest
₹83,35,000
22-Dec-25 : Interest
₹83,35,000
22-Jun-26 : Interest
₹83,35,000
22-Dec-26 : Interest
₹83,35,000
22-Jun-27 : Interest
₹83,35,000
22-Dec-27 : Interest
₹21,66,90,000
22-Jan-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹11,66,90,000)
Summary
Instrument Attributes
Value
Coupon Rate
16.67%
Returns
High
Bond Rating
D
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Jalandhar
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Asa International India Microfinance Limited
FAQs about INE746T08015 issued by Asa International India Microfinance Limited
What is the instrument name of INE746T08015 ISIN?
The instrument name of INE746T08015 ISIN is ASA INTERNATIONAL INDIA MICROFINANCE LIMITED 16.67 NCD 22JN28 FVRS10LAC.
How frequently is the interest paid on INE746T08015 bond issued by Asa International India Microfinance Limited?
The interest earned from INE746T08015 bond issued by Asa International India Microfinance Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE746T08015 bond issued by Asa International India Microfinance Limited?
This INE746T08015 bond issued by Asa International India Microfinance Limited has been assigned a credit rating of D by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE746T08015 bond issued by Asa International India Microfinance Limited?
This Debenture offers a coupon rate of 16.67%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE746T08015 Debenture?
The INE746T08015 Debenture is issued by Asa International India Microfinance 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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