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8.99% Mahindra Rural Housing Finance Limited - AA Rated (INE950O08097)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE950O08097
Face value
₹10,00,000
Coupon rate
8.99%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
25
Instrument Type
Debenture
Returns
High
Date of Issue
25 Jul 2016
Maturity Date
24 Jul 2026
Perpetual
Yes
Listing Status
Listed
Rating status
AA+ (INDIA 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
MAHINDRA RURAL HOUSING FINANCE LIMITED SR-JJJ 8.99 NCD 24JL26FVRS10LACLOAUPTO07AG16
Mahindra Rural Housing Finance Limited, a Housing Finance Company company, has floated Debenture,
having ISIN value as INE950O08097, with a face value of ₹10,00,000 rs on 25Jul16 to raise 25 crores. The debt instrument
is issued with a coupon rate of 8.99% 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 8.99% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES MRHFL-JJJ. LETTER OF ALLOTMENT. DATE OF MATURITY 24/07/2026. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 10Aug16. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to
this Debenture on 06Mar20. Neither the Principal nor the Interest is covered for this Debenture. 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
25-Jul-16 : Your investment
₹89,90,000
25-Jul-17 : Interest
₹89,90,000
25-Jul-18 : Interest
₹89,90,000
25-Jul-19 : Interest
₹89,90,000
25-Jul-20 : Interest
₹89,90,000
25-Jul-21 : Interest
₹89,90,000
25-Jul-22 : Interest
₹89,90,000
25-Jul-23 : Interest
₹89,90,000
25-Jul-24 : Interest
₹89,90,000
25-Jul-25 : Interest
₹90,14,630
24-Jul-26 : Interest
₹18,99,24,630
24-Jul-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,99,24,630)
Summary
Instrument Attributes
Value
Coupon Rate
8.99%
Returns
High
Bond Rating
AA+
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 Mahindra Rural Housing Finance Limited
FAQs about INE950O08097 issued by Mahindra Rural Housing Finance Limited
What is the instrument name of INE950O08097 ISIN?
The instrument name of INE950O08097 ISIN is MAHINDRA RURAL HOUSING FINANCE LIMITED SR-JJJ 8.99 NCD 24JL26FVRS10LACLOAUPTO07AG16.
How frequently is the interest paid on INE950O08097 bond issued by Mahindra Rural Housing Finance Limited?
The interest earned from INE950O08097 bond issued by Mahindra Rural Housing Finance Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE950O08097 bond issued by Mahindra Rural Housing Finance Limited?
This INE950O08097 bond issued by Mahindra Rural Housing Finance Limited has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE950O08097 bond issued by Mahindra Rural Housing Finance Limited?
This Debenture offers a coupon rate of 8.99%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE950O08097 Debenture?
The INE950O08097 Debenture is issued by Mahindra Rural Housing Finance 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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