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14.50% Belstar Microfinance Limited - AA Rated (INE443L08115)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE443L08115
Face value
₹1,00,000
Coupon rate
14.50%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
15
Instrument Type
Debenture
Returns
High
Date of Issue
30 Mar 2020
Maturity Date
15 May 2026
Perpetual
Yes
Listing Status
Unlisted
Rating status
AA- (CARE 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
BELSTAR MICROFINANCE LIMITED 14.50 NCD 15MY26 FVRS1LAC
Belstar Microfinance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE443L08115, with a face value of ₹1,00,000 rs on 30Mar20 to raise 15 crores. The debt instrument
is issued with a coupon rate of 14.50% 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 Unsecured
Debenture is 14.5% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 15/05/2026. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA- rating to
this Debenture on 30Mar20. This issuer is formerly known as BELSTAR MICROFINANCE PRIVATE LIMITED, BELSTAR INVESTMENT AND 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)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
30-Mar-20 : Your investment
₹3,62,500
30-Jun-20 : Interest
₹3,62,500
30-Sep-20 : Interest
₹3,62,500
30-Dec-20 : Interest
₹3,62,500
30-Mar-21 : Interest
₹3,62,500
30-Jun-21 : Interest
₹3,62,500
30-Sep-21 : Interest
₹3,62,500
30-Dec-21 : Interest
₹3,62,500
30-Mar-22 : Interest
₹3,62,500
30-Jun-22 : Interest
₹3,62,500
30-Sep-22 : Interest
₹3,62,500
30-Dec-22 : Interest
₹3,62,500
30-Mar-23 : Interest
₹3,62,500
30-Jun-23 : Interest
₹3,62,500
30-Sep-23 : Interest
₹3,62,500
30-Dec-23 : Interest
₹3,62,500
30-Mar-24 : Interest
₹3,62,500
30-Jun-24 : Interest
₹3,62,500
30-Sep-24 : Interest
₹3,62,500
30-Dec-24 : Interest
₹3,62,500
30-Mar-25 : Interest
₹3,62,500
30-Jun-25 : Interest
₹3,62,500
30-Sep-25 : Interest
₹3,62,500
30-Dec-25 : Interest
₹3,62,500
30-Mar-26 : Interest
₹38,263
15-May-26 : Interest
₹1,87,38,263
15-May-26 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹87,38,263)
Summary
Instrument Attributes
Value
Coupon Rate
14.50%
Returns
High
Bond Rating
AA-
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Bangalore
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Belstar Microfinance Limited
FAQs about INE443L08115 issued by Belstar Microfinance Limited
What is the instrument name of INE443L08115 ISIN?
The instrument name of INE443L08115 ISIN is BELSTAR MICROFINANCE LIMITED 14.50 NCD 15MY26 FVRS1LAC.
How frequently is the interest paid on INE443L08115 bond issued by Belstar Microfinance Limited?
The interest earned from INE443L08115 bond issued by Belstar Microfinance Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE443L08115 bond issued by Belstar Microfinance Limited?
This INE443L08115 bond issued by Belstar Microfinance Limited has been assigned a credit rating of AA- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE443L08115 bond issued by Belstar Microfinance Limited?
This Debenture offers a coupon rate of 14.5%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE443L08115 Debenture?
The INE443L08115 Debenture is issued by Belstar 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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