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Instrument Details

ISIN: INE124N07242

Face value

₹100

Coupon rate

11.16%

Payment

Monthly

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

11 Feb 2019

Maturity Date

03 May 2024

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

SK FINANCE LIMITED SR 215936-5215935 11.1610 NCD 05MR24 FVRS100
Sk Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE124N07242, with a face value of ₹100 rs on 11Feb19 to raise 50 crores. The debt instrument is issued with a coupon rate of 11.16% 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 11.1610% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE FULLY PAID DEBENTURES. SERIES 215936-5215935. DATE OF MATURITY 05/03/2024. 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 31Dec18. CARE RATINGS LIMITED has given WITHDRAWN rating to this Debenture on 20Jun24. This issuer is formerly known as ESS KAY FINCORP LIMITED, ESS KAY FINCORP PRIVATE LIMITED, ESS KAY AUTO FINANCE PRIVATE 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
N/A
Not Rated
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Date Verified
N/A
check
Outlook
N/A
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹100
Lot Size
100
Minimum Investment
₹10,000

Cashflow

₹10,000
11-Feb-19 : Your investment
₹93
11-Mar-19 : Interest
₹93
11-Apr-19 : Interest
₹93
11-May-19 : Interest
₹93
11-Jun-19 : Interest
₹93
11-Jul-19 : Interest
₹93
11-Aug-19 : Interest
₹93
11-Sep-19 : Interest
₹93
11-Oct-19 : Interest
₹93
11-Nov-19 : Interest
₹93
11-Dec-19 : Interest
₹93
11-Jan-20 : Interest
₹93
11-Feb-20 : Interest
₹93
11-Mar-20 : Interest
₹93
11-Apr-20 : Interest
₹93
11-May-20 : Interest
₹93
11-Jun-20 : Interest
₹93
11-Jul-20 : Interest
₹93
11-Aug-20 : Interest
₹93
11-Sep-20 : Interest
₹93
11-Oct-20 : Interest
₹93
11-Nov-20 : Interest
₹93
11-Dec-20 : Interest
₹93
11-Jan-21 : Interest
₹93
11-Feb-21 : Interest
₹93
11-Mar-21 : Interest
₹93
11-Apr-21 : Interest
₹93
11-May-21 : Interest
₹93
11-Jun-21 : Interest
₹93
11-Jul-21 : Interest
₹93
11-Aug-21 : Interest
₹93
11-Sep-21 : Interest
₹93
11-Oct-21 : Interest
₹93
11-Nov-21 : Interest
₹93
11-Dec-21 : Interest
₹93
11-Jan-22 : Interest
₹93
11-Feb-22 : Interest
₹93
11-Mar-22 : Interest
₹93
11-Apr-22 : Interest
₹93
11-May-22 : Interest
₹93
11-Jun-22 : Interest
₹93
11-Jul-22 : Interest
₹93
11-Aug-22 : Interest
₹93
11-Sep-22 : Interest
₹93
11-Oct-22 : Interest
₹93
11-Nov-22 : Interest
₹93
11-Dec-22 : Interest
₹93
11-Jan-23 : Interest
₹93
11-Feb-23 : Interest
₹93
11-Mar-23 : Interest
₹93
11-Apr-23 : Interest
₹93
11-May-23 : Interest
₹93
11-Jun-23 : Interest
₹93
11-Jul-23 : Interest
₹93
11-Aug-23 : Interest
₹93
11-Sep-23 : Interest
₹93
11-Oct-23 : Interest
₹93
11-Nov-23 : Interest
₹93
11-Dec-23 : Interest
₹93
11-Jan-24 : Interest
₹93
11-Feb-24 : Interest
₹93
11-Mar-24 : Interest
₹93
11-Apr-24 : Interest
-₹29
03-May-24 : Interest
-₹29
03-May-24 : Interest
₹15,707
03-May-24 : Maturity amount (Investment: ₹10,000, Interest earned: ₹5,707)

Summary

Instrument Attributes

Value

Coupon Rate

11.16%

Returns

High

Bond Rating

WITHDRAWN

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE124N07242 issued by Sk Finance Limited

The instrument name of INE124N07242 ISIN is SK FINANCE LIMITED SR 215936-5215935 11.1610 NCD 05MR24 FVRS100.
The interest earned from INE124N07242 bond issued by Sk Finance Limited is paid Monthly, ensuring regular and consistent income for investors.
This INE124N07242 bond issued by Sk Finance Limited has been assigned a credit rating of WITHDRAWN by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 11.16%, which determines the periodic interest payments made to bondholders.
The INE124N07242 Debenture is issued by Sk Finance Limited, a Private Sector company.
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