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8.81% Tourism Finance Corporation Of India Limited - A Rated (INE305A09232)
ActivePrivate SectorSecured
Instrument Details
ISIN: INE305A09232
Face value
₹1,00,000
Coupon rate
8.81%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
159.74
Instrument Type
Bond
Returns
High
Date of Issue
09 Nov 2015
Maturity Date
11 Sep 2025
Perpetual
Yes
Listing Status
Listed
Rating status
A+ (Acuite Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
TOURISM FINANCE CORPORATION OF INDIA LIMITED 8.81 LOA 09NV25 FVRS1LAC
Tourism Finance Corporation Of India Limited, a Consumer Services company, has floated Bond,
having ISIN value as INE305A09232, with a face value of ₹1,00,000 rs on 09Nov15 to raise 159.74 crores. The debt instrument
is issued with a coupon rate of 8.81% 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 Secured
Bond is 8.81% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF PROMISSORY NOTES.SERIES MB 2015-01. LETTER OF ALLOTMENT. DATE OF MATURITY 09/11/2025. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on BSE stock
exchange on 24Nov15. Acuite Ratings And Research Limited has given A+ rating to
this Bond on 15Oct15. 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
₹1,00,000
Lot Size
100
Minimum Investment
₹1,00,00,000
Cashflow
₹1,00,00,000
09-Nov-15 : Your investment
₹4,40,500
09-May-16 : Interest
₹4,40,500
09-Nov-16 : Interest
₹4,40,500
09-May-17 : Interest
₹4,40,500
09-Nov-17 : Interest
₹4,40,500
09-May-18 : Interest
₹4,40,500
09-Nov-18 : Interest
₹4,40,500
09-May-19 : Interest
₹4,40,500
09-Nov-19 : Interest
₹4,40,500
09-May-20 : Interest
₹4,40,500
09-Nov-20 : Interest
₹4,40,500
09-May-21 : Interest
₹4,40,500
09-Nov-21 : Interest
₹4,40,500
09-May-22 : Interest
₹4,40,500
09-Nov-22 : Interest
₹4,40,500
09-May-23 : Interest
₹4,40,500
09-Nov-23 : Interest
₹4,40,500
09-May-24 : Interest
₹4,40,500
09-Nov-24 : Interest
₹4,40,500
09-May-25 : Interest
₹2,05,566
11-Sep-25 : Interest
₹1,85,75,066
11-Sep-25 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹85,75,066)
Summary
Instrument Attributes
Value
Coupon Rate
8.81%
Returns
High
Bond Rating
A+
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Consumer Services
HEAD OFFICE
New Delhi
SECTOR
-
ISSUER OWNERSHIP
Private Sector
Other Bonds of Tourism Finance Corporation Of India Limited
FAQs about INE305A09232 issued by Tourism Finance Corporation Of India Limited
What is the instrument name of INE305A09232 ISIN?
The instrument name of INE305A09232 ISIN is TOURISM FINANCE CORPORATION OF INDIA LIMITED 8.81 LOA 09NV25 FVRS1LAC.
How frequently is the interest paid on INE305A09232 bond issued by Tourism Finance Corporation Of India Limited?
The interest earned from INE305A09232 bond issued by Tourism Finance Corporation Of India Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE305A09232 bond issued by Tourism Finance Corporation Of India Limited?
This INE305A09232 bond issued by Tourism Finance Corporation Of India Limited has been assigned a credit rating of A+ by Acuite Ratings And Research Limited, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE305A09232 bond issued by Tourism Finance Corporation Of India Limited?
This Bond offers a coupon rate of 8.81%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE305A09232 Bond?
The INE305A09232 Bond is issued by Tourism Finance Corporation Of India 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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