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Instrument Details

ISIN: INE01I507299

Face value

₹1,000

Coupon rate

0%

Payment

on Maturity

Tax Type

Taxable

Issue Size (Cr)

13.444

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

02 Jul 2020

Maturity Date

10 Jan 2026

Perpetual

Yes

Listing Status

Listed

Rating status

BBB- (CARE 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

KLM AXIVA FINVEST LIMITED SR ISSUE III OPT X LOA 01OT26 FVRS1000
Klm Axiva Finvest Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE01I507299, with a face value of ₹1,000 rs on 02Jul20 to raise 13.444 crores. The debt instrument is issued with a coupon rate of 0% 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 Secured Debenture is SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES - NCD ISSUE III- OPTION X. DATE OF MATURITY 01/10/2026.. This instrument is issued in Public Issue mode. It has Compounding coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 06Jul20. CARE RATINGS LIMITED has given BBB- rating to this Debenture on 22May20. This issuer is formerly known as NEEDS FINVEST 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
BBB
Moderately Safe
BBB-
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Date Verified
21 Feb 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Linked to Markets

Bond Rating

BBB-

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE01I507299 issued by Klm Axiva Finvest Limited

The instrument name of INE01I507299 ISIN is KLM AXIVA FINVEST LIMITED SR ISSUE III OPT X LOA 01OT26 FVRS1000.
The interest earned from the INE01I507299 bond issued by Klm Axiva Finvest Limited is paid at the time of maturity
This INE01I507299 bond issued by Klm Axiva Finvest Limited has been assigned a credit rating of BBB- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE01I507299 bond issued by Klm Axiva Finvest Limited is 0%.
The INE01I507299 Debenture is issued by Klm Axiva Finvest Limited, a Private Sector company.
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