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SPANDANA SPHOORTY FINANCIAL LIMITED

Adequate Safety

Adequate Safety

ISIN

INE572J07679

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Essentials - Secured - Regular Bond/Debenture

Coupon Rate (Returns)

10.7500 %

Rating

Ind-Ra  A

Interest Payment Frequency

QUARTERLY

Once Every Quarter

Maturity Date

Apr 03, 2026

1 years 10 months

Yield to Maturity (YTM)

11.6000 %

Effective Returns

Security Class

Debentures

Next Interest Payment Date

Jul 03, 2024

Allotment Date

Mar 07, 2024

Call date

-

Put date

-

Coupon Type

Fixed Interest

Calculate Investment

Minimum bond quantity is

Choose number of bonds you want to buy

Bond Value Details

Face Value

₹ 1,00,000.00

Market Value

₹ 99,601.60

Principal Amount

(Market value * no. of bonds)

₹ 99,601.60

Accrued Interest
till May 27, 2024

(Interest earned on the bond this year)

2,386

Total Investment

₹ 1,01,987.22

×

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue Details

Issue Size

₹ 70 Crores

Private Placement

Listing details

Yes

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issuer Details

SPANDANA SPHOORTHY FINANCIAL LIMITED

Business Sector

Finance

KFIN TECHNOLOGIES PRIVATE LIMITED

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Ownership

Public Sector Undertaking (PSU)

Security Name

SPANDANA SPHOORTY FINANCIAL LIMITED 10.75 NCD 03AP26 FVRS1LAC

SPANDANA SPHOORTY FINANCIAL LIMITED 10.75 NCD 03AP26 FVRS1LAC

SPANDANA SPHOORTY FINANCIAL LIMITED 10.75 NCD 03AP26 FVRS1LAC

Factors

Yield

High

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

*Rating Agency -Ind-Ra

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

Factors

Yield

High

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

*Rating Agency - Ind-Ra

What can I earn?

Your investment will yield regular returns across the tenure


Your Investment

₹ ₹ 1,01,987.22


Principal Amount

₹ ₹ 99,601.60

+

Accrued Interest

₹ 2,386

Final Payout


Principal Payout

₹ ₹ 1,01,987.22

+

Interest Payout

₹ 14,240.000000

Year

Payment
Schedule (Date)

Interest Payout (₹)

Redemption
Amount (₹)

Redemption
Value (%)

2024

Quarterly

₹ 0

₹ 0

25.0000 %

2024

03 Jul

₹ 3,475.34

2024

03 Oct

₹ 2,709.59

25,000.00

25.0000 %

2025

Quarterly

₹ 0

₹ 0

50.0000 %

2025

03 Jan

₹ 2,032.19

2025

03 Apr

₹ 1,988.01

25,000.00

25.0000 %

2025

03 Jul

₹ 1,340.07

2025

03 Oct

₹ 1,354.79

25,000.00

25.0000 %

2026

Quarterly

₹ 0

₹ 0

25.0000 %

2026

03 Jan

₹ 677.40

2026

03 Apr

₹ 662.67

25,000.00

25.0000 %

Your Investment

Total Investment

₹ 1,01,987.22

Final Payout

Total Payout

1,14,240.000000

2024

2025

2026

Final Payout

Total Payout

1,14,240.000000

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

A

(Sep 11, 2023)

Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

Under Watch

Not Applicable

Not Applicable

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Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

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Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

gurantee icon

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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