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10.75% Mas Financial Services Limited - AA Rated (INE348L08041)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE348L08041
Face value
₹1,00,00,000
Coupon rate
10.75%
Payment
Monthly
Tax Type
Taxable
Issue Size (Cr)
50
Instrument Type
Debenture
Returns
High
Date of Issue
20 Oct 2021
Maturity Date
20 May 2027
Perpetual
Yes
Listing Status
Listed
Rating status
AA- (CARE 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
MAS FINANCIAL SERVICES LIMITED 10.75 NCD 20MY27 FVRS1CR
Mas Financial Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE348L08041, with a face value of ₹1,00,00,000 rs on 20Oct21 to raise 50 crores. The debt instrument
is issued with a coupon rate of 10.75% and its interest is paid
Monthly. 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 10.75% UNSECURED RATED LISTED SUBORDINATED TIER 2 REDEEMABLE NON-CONVERTIBLE DEBENTURES.DATE OF MATURITY 20/05/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type
with Full Redemption option. The Debenture is listed on BSE stock
exchange on 21Oct21. CARE RATINGS LIMITED has given AA- rating to
this Debenture on 20Oct21. 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
₹1,00,00,000
Lot Size
100
Minimum Investment
₹1,00,00,00,000
Cashflow
₹1,00,00,00,000
20-Oct-21 : Your investment
₹89,58,333
20-Nov-21 : Interest
₹89,58,333
20-Dec-21 : Interest
₹89,58,333
20-Jan-22 : Interest
₹89,58,333
20-Feb-22 : Interest
₹89,58,333
20-Mar-22 : Interest
₹89,58,333
20-Apr-22 : Interest
₹89,58,333
20-May-22 : Interest
₹89,58,333
20-Jun-22 : Interest
₹89,58,333
20-Jul-22 : Interest
₹89,58,333
20-Aug-22 : Interest
₹89,58,333
20-Sep-22 : Interest
₹89,58,333
20-Oct-22 : Interest
₹89,58,333
20-Nov-22 : Interest
₹89,58,333
20-Dec-22 : Interest
₹89,58,333
20-Jan-23 : Interest
₹89,58,333
20-Feb-23 : Interest
₹89,58,333
20-Mar-23 : Interest
₹89,58,333
20-Apr-23 : Interest
₹89,58,333
20-May-23 : Interest
₹89,58,333
20-Jun-23 : Interest
₹89,58,333
20-Jul-23 : Interest
₹89,58,333
20-Aug-23 : Interest
₹89,58,333
20-Sep-23 : Interest
₹89,58,333
20-Oct-23 : Interest
₹89,58,333
20-Nov-23 : Interest
₹89,58,333
20-Dec-23 : Interest
₹89,58,333
20-Jan-24 : Interest
₹89,58,333
20-Feb-24 : Interest
₹89,58,333
20-Mar-24 : Interest
₹89,58,333
20-Apr-24 : Interest
₹89,58,333
20-May-24 : Interest
₹89,58,333
20-Jun-24 : Interest
₹89,58,333
20-Jul-24 : Interest
₹89,58,333
20-Aug-24 : Interest
₹89,58,333
20-Sep-24 : Interest
₹89,58,333
20-Oct-24 : Interest
₹89,58,333
20-Nov-24 : Interest
₹89,58,333
20-Dec-24 : Interest
₹89,58,333
20-Jan-25 : Interest
₹89,58,333
20-Feb-25 : Interest
₹89,58,333
20-Mar-25 : Interest
₹89,58,333
20-Apr-25 : Interest
₹89,58,333
20-May-25 : Interest
₹89,58,333
20-Jun-25 : Interest
₹89,58,333
20-Jul-25 : Interest
₹89,58,333
20-Aug-25 : Interest
₹89,58,333
20-Sep-25 : Interest
₹89,58,333
20-Oct-25 : Interest
₹89,58,333
20-Nov-25 : Interest
₹89,58,333
20-Dec-25 : Interest
₹89,58,333
20-Jan-26 : Interest
₹89,58,333
20-Feb-26 : Interest
₹89,58,333
20-Mar-26 : Interest
₹89,58,333
20-Apr-26 : Interest
₹89,58,333
20-May-26 : Interest
₹89,58,333
20-Jun-26 : Interest
₹89,58,333
20-Jul-26 : Interest
₹89,58,333
20-Aug-26 : Interest
₹89,58,333
20-Sep-26 : Interest
₹89,58,333
20-Oct-26 : Interest
₹89,58,333
20-Nov-26 : Interest
₹89,58,333
20-Dec-26 : Interest
₹89,58,333
20-Jan-27 : Interest
₹89,58,333
20-Feb-27 : Interest
₹89,58,333
20-Mar-27 : Interest
₹89,58,333
20-Apr-27 : Interest
₹89,58,333
20-May-27 : Interest
₹1,49,305
20-May-27 : Interest
₹1,60,03,57,638
20-May-27 : Maturity amount (Investment: ₹1,00,00,00,000, Interest earned: ₹60,03,57,638)
Summary
Instrument Attributes
Value
Coupon Rate
10.75%
Returns
High
Bond Rating
AA-
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Ahmedabad
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Mas Financial Services Limited
FAQs about INE348L08041 issued by Mas Financial Services Limited
What is the instrument name of INE348L08041 ISIN?
The instrument name of INE348L08041 ISIN is MAS FINANCIAL SERVICES LIMITED 10.75 NCD 20MY27 FVRS1CR.
How frequently is the interest paid on INE348L08041 bond issued by Mas Financial Services Limited?
The interest earned from INE348L08041 bond issued by Mas Financial Services Limited is paid Monthly, ensuring regular and consistent income for investors.
What is the credit rating of the INE348L08041 bond issued by Mas Financial Services Limited?
This INE348L08041 bond issued by Mas Financial Services Limited has been assigned a credit rating of AA- by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE348L08041 bond issued by Mas Financial Services Limited?
This Debenture offers a coupon rate of 10.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE348L08041 Debenture?
The INE348L08041 Debenture is issued by Mas Financial Services 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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