The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities
13% Salem Erode Investments Ltd (INE894E07322)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE894E07322
Face value
₹1,000
Coupon rate
13%
Payment
on Maturity
Tax Type
Taxable
Issue Size (Cr)
0.08
Instrument Type
Debenture
Returns
High
Date of Issue
17 Feb 2022
Maturity Date
17 Feb 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
Not Rated
Call Option
Not Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
Principal
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
SALEM ERODE INVESTMENTS LTD SR II CUM SNR CTZ 13 NCD 17FB24 FVRS1000
Salem Erode Investments Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE894E07322, with a face value of ₹1,000 rs on 17Feb22 to raise 0.08 crores. The debt instrument
is issued with a coupon rate of 13% 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 13% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES II(CUMULATIVE-SENIOR CITIZEN). DATE OF MATURITY 17/02/2024. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. This issuer is formerly known as SALEM-ERODE TEA & INVESTMENT COMPANY LIMITED, THE SALEM-ERODE ELECTRICITY DISTRI. CO. LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Summary
Instrument Attributes
Value
Coupon Rate
13%
Returns
High
Bond Rating
Unrated
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Kolkata
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Salem Erode Investments Ltd
FAQs about INE894E07322 issued by Salem Erode Investments Ltd
What is the instrument name of INE894E07322 ISIN?
The instrument name of INE894E07322 ISIN is SALEM ERODE INVESTMENTS LTD SR II CUM SNR CTZ 13 NCD 17FB24 FVRS1000.
How frequently is the interest paid on INE894E07322 bond issued by Salem Erode Investments Ltd?
The interest earned from the INE894E07322 bond issued by Salem Erode Investments Ltd is paid at the time of maturity
What is the credit rating of the INE894E07322 bond issued by Salem Erode Investments Ltd?
This INE894E07322 bond issued by Salem Erode Investments Ltd does not currently have an assigned credit rating
What is the coupon rate of INE894E07322 bond issued by Salem Erode Investments Ltd?
This Debenture offers a coupon rate of 13%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE894E07322 Debenture?
The INE894E07322 Debenture is issued by Salem Erode Investments Ltd, a Private Sector company.
Popular Collection Pages
Popular Issuers
©2021-2022 Dezerv. All Rights Reserved
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.
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.
Invest in safer portfolio without compromising returns.
