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Instrument Details

ISIN: INE477L08147

Face value

₹1,000

Coupon rate

10%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

232.7216

Instrument Type

Debenture

Returns

High

Date of Issue

03 Aug 2021

Maturity Date

11 Mar 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

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

IIFL HOME FINANCE LIMITED SR I 10 NCD 03NV28 FVRS1000
Iifl Home Finance Limited, a Housing Finance Company company, has floated Debenture, having ISIN value as INE477L08147, with a face value of ₹1,000 rs on 03Aug21 to raise 232.7216 crores. The debt instrument is issued with a coupon rate of 10% 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 10% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES I.DATE OF MATURITY : 03/11/2028. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 05Aug21 & on NSE stock exchange on 05Aug21. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 11Jun21. This issuer is formerly known as INDIA INFOLINE HOUSING FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
01 Oct 2024
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
03-Aug-21 : Your investment
₹10,000
03-Aug-22 : Interest
₹10,000
03-Aug-23 : Interest
₹10,000
03-Aug-24 : Interest
₹10,000
03-Aug-25 : Interest
₹10,000
03-Aug-26 : Interest
₹10,000
03-Aug-27 : Interest
₹6,082
11-Mar-28 : Interest
₹1,66,082
11-Mar-28 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹66,082)

Summary

Instrument Attributes

Value

Coupon Rate

10%

Returns

High

Bond Rating

AA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Housing Finance Company
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE477L08147 issued by Iifl Home Finance Limited

The instrument name of INE477L08147 ISIN is IIFL HOME FINANCE LIMITED SR I 10 NCD 03NV28 FVRS1000.
The interest earned from INE477L08147 bond issued by Iifl Home Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE477L08147 bond issued by Iifl Home Finance Limited has been assigned a credit rating of AA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10%, which determines the periodic interest payments made to bondholders.
The INE477L08147 Debenture is issued by Iifl Home Finance Limited, a Private Sector company.
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