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11.75% Salem Erode Investments Ltd (INE894E07561)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE894E07561
Face value
₹1,000
Coupon rate
11.75%
Payment
Monthly
Tax Type
Taxable
Issue Size (Cr)
0.15
Instrument Type
Debenture
Returns
High
Date of Issue
07 May 2022
Maturity Date
05 Jul 2025
Perpetual
Yes
Listing Status
Unlisted
Rating status
Not Rated
Call Option
Not Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
SALEM ERODE INVESTMENTS LTD SR III MTHLY GEN 11.75 NCD 07MY25 FVRS1000
Salem Erode Investments Ltd, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE894E07561, with a face value of ₹1,000 rs on 07May22 to raise 0.15 crores. The debt instrument
is issued with a coupon rate of 11.75% 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 Secured
Debenture is 11.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III(MONTHLY - GENERAL). DATE OF MATURITY 07/05/2025.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple 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)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000
Cashflow
₹1,00,000
07-May-22 : Your investment
₹979
07-Jun-22 : Interest
₹979
07-Jul-22 : Interest
₹979
07-Aug-22 : Interest
₹979
07-Sep-22 : Interest
₹979
07-Oct-22 : Interest
₹979
07-Nov-22 : Interest
₹979
07-Dec-22 : Interest
₹979
07-Jan-23 : Interest
₹979
07-Feb-23 : Interest
₹979
07-Mar-23 : Interest
₹979
07-Apr-23 : Interest
₹979
07-May-23 : Interest
₹979
07-Jun-23 : Interest
₹979
07-Jul-23 : Interest
₹979
07-Aug-23 : Interest
₹979
07-Sep-23 : Interest
₹979
07-Oct-23 : Interest
₹979
07-Nov-23 : Interest
₹979
07-Dec-23 : Interest
₹979
07-Jan-24 : Interest
₹979
07-Feb-24 : Interest
₹979
07-Mar-24 : Interest
₹979
07-Apr-24 : Interest
₹979
07-May-24 : Interest
₹979
07-Jun-24 : Interest
₹979
07-Jul-24 : Interest
₹979
07-Aug-24 : Interest
₹979
07-Sep-24 : Interest
₹979
07-Oct-24 : Interest
₹979
07-Nov-24 : Interest
₹979
07-Dec-24 : Interest
₹979
07-Jan-25 : Interest
₹979
07-Feb-25 : Interest
₹979
07-Mar-25 : Interest
₹979
07-Apr-25 : Interest
₹979
07-May-25 : Interest
₹979
07-Jun-25 : Interest
-₹407
05-Jul-25 : Interest
-₹407
05-Jul-25 : Interest
₹1,35,413
05-Jul-25 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹35,413)
Summary
Instrument Attributes
Value
Coupon Rate
11.75%
Returns
High
Bond Rating
Unrated
Seniority in Repayment
None
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 INE894E07561 issued by Salem Erode Investments Ltd
What is the instrument name of INE894E07561 ISIN?
The instrument name of INE894E07561 ISIN is SALEM ERODE INVESTMENTS LTD SR III MTHLY GEN 11.75 NCD 07MY25 FVRS1000.
How frequently is the interest paid on INE894E07561 bond issued by Salem Erode Investments Ltd?
The interest earned from INE894E07561 bond issued by Salem Erode Investments Ltd is paid Monthly, ensuring regular and consistent income for investors.
What is the credit rating of the INE894E07561 bond issued by Salem Erode Investments Ltd?
This INE894E07561 bond issued by Salem Erode Investments Ltd does not currently have an assigned credit rating
What is the coupon rate of INE894E07561 bond issued by Salem Erode Investments Ltd?
This Debenture offers a coupon rate of 11.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE894E07561 Debenture?
The INE894E07561 Debenture is issued by Salem Erode Investments Ltd, 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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