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Instrument Details

ISIN: INE859C08095

Face value

₹10,00,000

Coupon rate

10 YEAR GSEC LINKED

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

15

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

30 Sep 2021

Maturity Date

30 Sep 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)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

IKF FINANCE LIMITED SR 2 BR NCD 30SP23 FVRS10LAC
Ikf Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE859C08095, with a face value of ₹10,00,000 rs on 30Sep21 to raise 15 crores. The debt instrument is issued with a coupon rate of 10 YEAR GSEC LINKED and its interest is paid on Maturity. 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 YEAR GSEC LINKED UNSECURED RATED LISTED TAXABLE REDEEMABLE PRINCIPAL PROTECTED MARKET LINKED NON CONVERTIBLE DEBENTURE.SERIES 2.DATE OF MATURITY 30/09/2023. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06Oct21. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 30Sep21. This issuer is formerly known as IKF FINANCE & INVESTMENTS LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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Seniority in Repayment
None
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

10 YEAR GSEC LINKED

Returns

Linked to Markets

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Vijayawada
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE859C08095 issued by Ikf Finance Limited

The instrument name of INE859C08095 ISIN is IKF FINANCE LIMITED SR 2 BR NCD 30SP23 FVRS10LAC.
The interest earned from the INE859C08095 bond issued by Ikf Finance Limited is paid at the time of maturity
This INE859C08095 bond issued by Ikf Finance Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE859C08095 bond issued by Ikf Finance Limited is 10 YEAR GSEC LINKED.
The INE859C08095 Debenture is issued by Ikf Finance Limited, a Private Sector company.
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