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9.80% West Bengal Financial Corporation (INE690F07040)
ActivePSUSecured
Instrument Details
ISIN: INE690F07040
Face value
₹1,00,000
Coupon rate
9.80%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
25.06
Instrument Type
Bond
Returns
High
Date of Issue
05 May 2016
Maturity Date
05 May 2026
Perpetual
Yes
Listing Status
Unlisted
Rating status
Not Rated
Call Option
Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 1
Guarantee Type
Non Convertible
About this Bond
WEST BENGAL FINANCIAL CORPORATION SR-XV 3RD ISSUE 9.8 BD 05MY26 FVRS1LAC
West Bengal Financial Corporation, a Finance company, has floated Bond,
having ISIN value as INE690F07040, with a face value of ₹1,00,000 rs on 05May16 to raise 25.06 crores. The debt instrument
is issued with a coupon rate of 9.80% 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 9.80% SECURED REDEEMABLE NON CONVERTIBLE NON SLR BOND. SERIES XV-3RD ISSUE. DATE OF MATURITY 05/05/2026. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. This debt instrument is Unrated. 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
05-May-16 : Your investment
₹4,90,000
05-Nov-16 : Interest
₹4,90,000
05-May-17 : Interest
₹4,90,000
05-Nov-17 : Interest
₹4,90,000
05-May-18 : Interest
₹4,90,000
05-Nov-18 : Interest
₹4,90,000
05-May-19 : Interest
₹4,90,000
05-Nov-19 : Interest
₹4,90,000
05-May-20 : Interest
₹4,90,000
05-Nov-20 : Interest
₹4,90,000
05-May-21 : Interest
₹4,90,000
05-Nov-21 : Interest
₹4,90,000
05-May-22 : Interest
₹4,90,000
05-Nov-22 : Interest
₹4,90,000
05-May-23 : Interest
₹4,90,000
05-Nov-23 : Interest
₹4,90,000
05-May-24 : Interest
₹4,90,000
05-Nov-24 : Interest
₹4,90,000
05-May-25 : Interest
₹4,90,000
05-Nov-25 : Interest
₹4,90,000
05-May-26 : Interest
₹1,98,00,000
05-May-26 : Maturity amount (Investment: ₹1,00,00,000, Interest earned: ₹98,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
9.80%
Returns
High
Bond Rating
Unrated
Seniority in Repayment
Subordinate Tier 1
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Finance
HEAD OFFICE
Kolkata
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of West Bengal Financial Corporation
FAQs about INE690F07040 issued by West Bengal Financial Corporation
What is the instrument name of INE690F07040 ISIN?
The instrument name of INE690F07040 ISIN is WEST BENGAL FINANCIAL CORPORATION SR-XV 3RD ISSUE 9.8 BD 05MY26 FVRS1LAC.
How frequently is the interest paid on INE690F07040 bond issued by West Bengal Financial Corporation?
The interest earned from INE690F07040 bond issued by West Bengal Financial Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE690F07040 bond issued by West Bengal Financial Corporation?
This INE690F07040 bond issued by West Bengal Financial Corporation does not currently have an assigned credit rating
What is the coupon rate of INE690F07040 bond issued by West Bengal Financial Corporation?
This Bond offers a coupon rate of 9.8%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE690F07040 Bond?
The INE690F07040 Bond is issued by West Bengal Financial Corporation, a PSU 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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