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10.70% The Lakshmi Vilas Bank Limited (INE694C08070)
In-activePrivate SectorUnsecured
Instrument Details
ISIN: INE694C08070
Face value
₹5,00,000
Coupon rate
10.70%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
100
Instrument Type
Bond
Returns
High
Date of Issue
09 Jun 2017
Maturity Date
06 Sep 2024
Perpetual
Yes
Listing Status
Listed
Rating status
WITHDRAWN (CARE Ratings)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
THE LAKSHMI VILAS BANK LIMITED SR-X 10.7 BD 09JU24 FVRS5LAC LOAUTO29JU17
The Lakshmi Vilas Bank Limited, a Finance company, has floated Bond,
having ISIN value as INE694C08070, with a face value of ₹5,00,000 rs on 09Jun17 to raise 100 crores. The debt instrument
is issued with a coupon rate of 10.70% and its interest is paid
Semi 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
Bond is 10.70% UNSECURED REDEEMABLE NON-CONVERTIBLE BASEL III COMPLIANT TIER 2 BONDS. LETTER OF ALLOTMENT. SERIES- X. DATE OF MATURITY 09/06/2024. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 13Jun17. CARE Ratings Limited has given WITHDRAWN rating to
this Bond on 11Oct19. Neither the Principal nor the Interest is covered for this Bond. 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
₹5,00,000
Lot Size
100
Minimum Investment
₹5,00,00,000
Cashflow
₹5,00,00,000
09-Jun-17 : Your investment
₹26,75,000
09-Dec-17 : Interest
₹26,75,000
09-Jun-18 : Interest
₹26,75,000
09-Dec-18 : Interest
₹26,75,000
09-Jun-19 : Interest
₹26,75,000
09-Dec-19 : Interest
₹26,75,000
09-Jun-20 : Interest
₹26,75,000
09-Dec-20 : Interest
₹26,75,000
09-Jun-21 : Interest
₹26,75,000
09-Dec-21 : Interest
₹26,75,000
09-Jun-22 : Interest
₹26,75,000
09-Dec-22 : Interest
₹26,75,000
09-Jun-23 : Interest
₹26,75,000
09-Dec-23 : Interest
₹26,75,000
09-Jun-24 : Interest
₹5,35,000
06-Sep-24 : Interest
₹8,79,85,000
06-Sep-24 : Maturity amount (Investment: ₹5,00,00,000, Interest earned: ₹3,79,85,000)
Summary
Instrument Attributes
Value
Coupon Rate
10.70%
Returns
High
Bond Rating
WITHDRAWN
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Salem
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of The Lakshmi Vilas Bank Limited
FAQs about INE694C08070 issued by The Lakshmi Vilas Bank Limited
What is the instrument name of INE694C08070 ISIN?
The instrument name of INE694C08070 ISIN is THE LAKSHMI VILAS BANK LIMITED SR-X 10.7 BD 09JU24 FVRS5LAC LOAUTO29JU17.
How frequently is the interest paid on INE694C08070 bond issued by The Lakshmi Vilas Bank Limited?
The interest earned from INE694C08070 bond issued by The Lakshmi Vilas Bank Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE694C08070 bond issued by The Lakshmi Vilas Bank Limited?
This INE694C08070 bond issued by The Lakshmi Vilas Bank Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE694C08070 bond issued by The Lakshmi Vilas Bank Limited?
This Bond offers a coupon rate of 10.7%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE694C08070 Bond?
The INE694C08070 Bond is issued by The Lakshmi Vilas Bank 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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