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7.40% Icici Home Finance Company Limited - AAA Rated (INE071G08AK4)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE071G08AK4
Face value
₹5,00,000
Coupon rate
7.40%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
25
Instrument Type
Bond
Returns
Medium
Date of Issue
23 Feb 2021
Maturity Date
21 Feb 2031
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL 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
ICICI HOME FINANCE COMPANY LIMITED SR HDSBFEB211 7.40 BD 21FB31 FVRS 5LAC
Icici Home Finance Company Limited, a Housing Finance Company company, has floated Bond,
having ISIN value as INE071G08AK4, with a face value of ₹5,00,000 rs on 23Feb21 to raise 25 crores. The debt instrument
is issued with a coupon rate of 7.40% 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
Bond is 7.40% UNSECURED RATED LISTED COUPON BEARING FULLY PAID REDEEMABLE SUBORDINATE BONDS IN THE NATURE OF DEBENTURES. SERIES HDSBFEB211. DATE OF MATURITY 21/02/2031. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on BSE stock
exchange on 23Feb21. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 11Feb21. Neither the Principal nor the Interest is covered for this Bond. 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
₹5,00,000
Lot Size
100
Minimum Investment
₹5,00,00,000
Cashflow
₹5,00,00,000
23-Feb-21 : Your investment
₹37,00,000
23-Feb-22 : Interest
₹37,00,000
23-Feb-23 : Interest
₹37,00,000
23-Feb-24 : Interest
₹37,00,000
23-Feb-25 : Interest
₹37,00,000
23-Feb-26 : Interest
₹37,00,000
23-Feb-27 : Interest
₹37,00,000
23-Feb-28 : Interest
₹37,00,000
23-Feb-29 : Interest
₹37,00,000
23-Feb-30 : Interest
₹37,00,000
21-Feb-31 : Interest
₹8,70,00,000
21-Feb-31 : Maturity amount (Investment: ₹5,00,00,000, Interest earned: ₹3,70,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.40%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Subordinate Tier 2
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 Icici Home Finance Company Limited
FAQs about INE071G08AK4 issued by Icici Home Finance Company Limited
What is the instrument name of INE071G08AK4 ISIN?
The instrument name of INE071G08AK4 ISIN is ICICI HOME FINANCE COMPANY LIMITED SR HDSBFEB211 7.40 BD 21FB31 FVRS 5LAC.
How frequently is the interest paid on INE071G08AK4 bond issued by Icici Home Finance Company Limited?
The interest earned from INE071G08AK4 bond issued by Icici Home Finance Company Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE071G08AK4 bond issued by Icici Home Finance Company Limited?
This INE071G08AK4 bond issued by Icici Home Finance Company Limited 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 INE071G08AK4 bond issued by Icici Home Finance Company Limited?
This Bond offers a coupon rate of 7.4%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE071G08AK4 Bond?
The INE071G08AK4 Bond is issued by Icici Home Finance Company 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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