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14.99% Bhanix Finance And Investment Limited - BBB Rated (INE08X507061)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE08X507061
Face value
₹10,00,000
Coupon rate
14.99%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
25
Instrument Type
Debenture
Returns
High
Date of Issue
24 May 2022
Maturity Date
31 May 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
BBB (CARE Ratings)
Call Option
Not Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
BHANIX FINANCE AND INVESTMENT LIMITED 14.99 NCD 31MY24 FVRS10LAC
Bhanix Finance And Investment Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE08X507061, with a face value of ₹10,00,000 rs on 24May22 to raise 25 crores. The debt instrument
is issued with a coupon rate of 14.99% 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 14.99% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 31/05/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type
with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given BBB rating to
this Debenture on 24May22. This issuer is formerly known as BHANIX FINANCE AND INVESTMENT 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
24-May-22 : Your investment
₹74,95,000
24-Nov-22 : Interest
₹74,95,000
24-May-23 : Interest
₹74,95,000
24-Nov-23 : Interest
₹74,95,000
24-May-24 : Interest
₹12,99,80,000
31-May-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹2,99,80,000)
Summary
Instrument Attributes
Value
Coupon Rate
14.99%
Returns
High
Bond Rating
BBB
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
FAQs about INE08X507061 issued by Bhanix Finance And Investment Limited
What is the instrument name of INE08X507061 ISIN?
The instrument name of INE08X507061 ISIN is BHANIX FINANCE AND INVESTMENT LIMITED 14.99 NCD 31MY24 FVRS10LAC.
How frequently is the interest paid on INE08X507061 bond issued by Bhanix Finance And Investment Limited?
The interest earned from INE08X507061 bond issued by Bhanix Finance And Investment Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE08X507061 bond issued by Bhanix Finance And Investment Limited?
This INE08X507061 bond issued by Bhanix Finance And Investment Limited has been assigned a credit rating of BBB by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE08X507061 bond issued by Bhanix Finance And Investment Limited?
This Debenture offers a coupon rate of 14.99%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE08X507061 Debenture?
The INE08X507061 Debenture is issued by Bhanix Finance And Investment 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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