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6.88% Housing Development Finance Corporation Ltd - AAA Rated (INE001A07TB5)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE001A07TB5
Face value
₹10,00,000
Coupon rate
6.88%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
2500
Instrument Type
Debenture
Returns
Medium
Date of Issue
24 Sep 2021
Maturity Date
24 Sep 2031
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
HOUSING DEVELOPMENT FINANCE CORPORATION LTD SR Z 004 6.88 NCD 24SP31 FVRS10LAC
Housing Development Finance Corporation Ltd, a Housing Finance Company company, has floated Debenture,
having ISIN value as INE001A07TB5, with a face value of ₹10,00,000 rs on 24Sep21 to raise 2500 crores. The debt instrument
is issued with a coupon rate of 6.88% and its interest is paid
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 6.88% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE.SERIES Z 004. DATE OF MATURITY 24/09/2031. 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 28Sep21 & on NSE stock exchange on 27Sep21. CRISIL RATINGS LIMITED has given AAA rating to
this Debenture on 31Aug21. 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-Sep-21 : Your investment
₹68,80,000
24-Sep-22 : Interest
₹68,80,000
24-Sep-23 : Interest
₹68,80,000
24-Sep-24 : Interest
₹68,80,000
24-Sep-25 : Interest
₹68,80,000
24-Sep-26 : Interest
₹68,80,000
24-Sep-27 : Interest
₹68,80,000
24-Sep-28 : Interest
₹68,80,000
24-Sep-29 : Interest
₹68,80,000
24-Sep-30 : Interest
₹68,80,000
24-Sep-31 : Interest
₹16,88,00,000
24-Sep-31 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,88,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
6.88%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Housing Finance Company
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Housing Development Finance Corporation Ltd
FAQs about INE001A07TB5 issued by Housing Development Finance Corporation Ltd
What is the instrument name of INE001A07TB5 ISIN?
The instrument name of INE001A07TB5 ISIN is HOUSING DEVELOPMENT FINANCE CORPORATION LTD SR Z 004 6.88 NCD 24SP31 FVRS10LAC.
How frequently is the interest paid on INE001A07TB5 bond issued by Housing Development Finance Corporation Ltd?
The interest earned from INE001A07TB5 bond issued by Housing Development Finance Corporation Ltd is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE001A07TB5 bond issued by Housing Development Finance Corporation Ltd?
This INE001A07TB5 bond issued by Housing Development Finance Corporation Ltd has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE001A07TB5 bond issued by Housing Development Finance Corporation Ltd?
This Debenture offers a coupon rate of 6.88%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE001A07TB5 Debenture?
The INE001A07TB5 Debenture is issued by Housing Development Finance Corporation Ltd, 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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