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8.99% Kerala Financial Corporation - AA Rated (INE818F07088)
ActivePSUSecured
Instrument Details
ISIN: INE818F07088
Face value
₹2,50,000
Coupon rate
8.99%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
62.5
Instrument Type
Bond
Returns
High
Date of Issue
09 Jul 2019
Maturity Date
07 Sep 2026
Perpetual
Yes
Listing Status
Listed
Rating status
AA (Infomerics Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
KERALA FINANCIAL CORPORATION STRP D 8.99 BD 09JL26 FVRS2.5LAC
Kerala Financial Corporation, a Utilities company, has floated Bond,
having ISIN value as INE818F07088, with a face value of ₹2,50,000 rs on 09Jul19 to raise 62.5 crores. The debt instrument
is issued with a coupon rate of 8.99% and its interest is paid
Semi 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
Bond is 8.99% SECURED RATED LISTED REDEEMABLE TAXABLE NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURES. SERIES STRPP D. DATE OF MATURITY 09/07/2026. 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 29Jul19. Infomerics Valuation and Rating Pvt. Ltd has given AA rating to
this Bond on 18Jul24. This issuer is formerly known as TRAVANCORE- COCHIN FINANCIAL CORPORATION 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
₹2,50,000
Lot Size
100
Minimum Investment
₹2,50,00,000
Cashflow
₹2,50,00,000
09-Jul-19 : Your investment
₹11,23,750
09-Jan-20 : Interest
₹11,23,750
09-Jul-20 : Interest
₹11,23,750
09-Jan-21 : Interest
₹11,23,750
09-Jul-21 : Interest
₹11,23,750
09-Jan-22 : Interest
₹11,23,750
09-Jul-22 : Interest
₹11,23,750
09-Jan-23 : Interest
₹11,23,750
09-Jul-23 : Interest
₹11,23,750
09-Jan-24 : Interest
₹11,23,750
09-Jul-24 : Interest
₹11,23,750
09-Jan-25 : Interest
₹11,23,750
09-Jul-25 : Interest
₹11,23,750
09-Jan-26 : Interest
₹11,23,750
09-Jul-26 : Interest
₹43,701
07-Sep-26 : Interest
₹4,07,76,201
07-Sep-26 : Maturity amount (Investment: ₹2,50,00,000, Interest earned: ₹1,57,76,201)
Summary
Instrument Attributes
Value
Coupon Rate
8.99%
Returns
High
Bond Rating
AA
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Utilities
HEAD OFFICE
Trivandrum
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of Kerala Financial Corporation
FAQs about INE818F07088 issued by Kerala Financial Corporation
What is the instrument name of INE818F07088 ISIN?
The instrument name of INE818F07088 ISIN is KERALA FINANCIAL CORPORATION STRP D 8.99 BD 09JL26 FVRS2.5LAC.
How frequently is the interest paid on INE818F07088 bond issued by Kerala Financial Corporation?
The interest earned from INE818F07088 bond issued by Kerala Financial Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE818F07088 bond issued by Kerala Financial Corporation?
This INE818F07088 bond issued by Kerala Financial Corporation has been assigned a credit rating of AA by Infomerics Valuation and Rating Pvt. Ltd, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE818F07088 bond issued by Kerala Financial Corporation?
This Bond offers a coupon rate of 8.99%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE818F07088 Bond?
The INE818F07088 Bond is issued by Kerala Financial Corporation, a PSU 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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