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9.81% Hero Fincorp Limited - AA Rated (INE957N08045)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE957N08045
Face value
₹10,00,000
Coupon rate
9.81%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
200
Instrument Type
Debenture
Returns
High
Date of Issue
06 Dec 2018
Maturity Date
24 Nov 2028
Perpetual
Yes
Listing Status
Listed
Rating status
AA+ (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
HERO FINCORP LIMITED SERIES 030 9.81 NCD 24NV28 FVRS10LAC
Hero Fincorp Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE957N08045, with a face value of ₹10,00,000 rs on 06Dec18 to raise 200 crores. The debt instrument
is issued with a coupon rate of 9.81% 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 Unsecured
Debenture is 9.81% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 030. DATE OF MATURITY 24/11/2028. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 18Dec18 & on NSE stock exchange on 18Dec18. CRISIL RATINGS LIMITED has given AA+ rating to
this Debenture on 30Nov18. This issuer is formerly known as HERO HONDA FINLEASE 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
06-Dec-18 : Your investment
₹98,10,000
06-Dec-19 : Interest
₹98,10,000
06-Dec-20 : Interest
₹98,10,000
06-Dec-21 : Interest
₹98,10,000
06-Dec-22 : Interest
₹98,10,000
06-Dec-23 : Interest
₹98,10,000
06-Dec-24 : Interest
₹98,10,000
06-Dec-25 : Interest
₹98,10,000
06-Dec-26 : Interest
₹98,10,000
06-Dec-27 : Interest
₹95,68,109
24-Nov-28 : Interest
₹19,78,58,109
24-Nov-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,78,58,109)
Summary
Instrument Attributes
Value
Coupon Rate
9.81%
Returns
High
Bond Rating
AA+
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Hero Fincorp Limited
FAQs about INE957N08045 issued by Hero Fincorp Limited
What is the instrument name of INE957N08045 ISIN?
The instrument name of INE957N08045 ISIN is HERO FINCORP LIMITED SERIES 030 9.81 NCD 24NV28 FVRS10LAC.
How frequently is the interest paid on INE957N08045 bond issued by Hero Fincorp Limited?
The interest earned from INE957N08045 bond issued by Hero Fincorp Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE957N08045 bond issued by Hero Fincorp Limited?
This INE957N08045 bond issued by Hero Fincorp Limited has been assigned a credit rating of AA+ by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE957N08045 bond issued by Hero Fincorp Limited?
This Debenture offers a coupon rate of 9.81%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE957N08045 Debenture?
The INE957N08045 Debenture is issued by Hero Fincorp 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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