Bond Directory / SAKTHI FINANCE LIMITED

SAKTHI FINANCE LIMITED

BLOCKED DUE TO ACA

10% SECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION VI. DATE OF MATURITY 15/05/2023

ISIN

INE302E07227

Copied

Essentials

Coupon Rate (Returns)

10%

Rating

BBB  ICRA LIMITED

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-9 months

May 15, 2023

Face Value

₹1,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

19.09 Crores

Issue Price

₹950

Security class

Debentures

Listing details

BSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Public

Issuer Details

SAKTHI FINANCE LIMITED

Business Sector

165

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Issue Type

Public

Coupon Type

Simple

Factors

Issue Size

Small

Rating Category*

BBB

Tax Saving

No

Issue Type

Public

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

Note: Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government). The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

BBB

(Jan 12, 2024)

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

Credit Outlook

Stable

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

Rating Watch

4

-

Repayment Priority

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

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

What other details I need to know?

Other Important bond related information that can help you with decision making

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.

You may also like...

Spandana Sphoorty Financial Limited

Coupon

10.7500%

Maturity

Mar 2025

Rating

Ind-Ra  A

Type of Bond

Secured - Regular Bond/Debenture

Yield

11.2925%

Price

₹ 1,00,616.80

Aye Finance Private Limited

Coupon

10.6000%

Maturity

Jan 2025

Rating

Ind-Ra  A-

Type of Bond

Secured - Regular Bond/Debenture

Yield

10.9400%

Price

₹ 67,305.66

Vivriti Capital Limited

Coupon

9.5700%

Maturity

Mar 2025

Rating

CARE  A+

Type of Bond

Secured - Regular Bond/Debenture

Yield

10.5000%

Price

₹ 993.37

Indostar Capital Finance Limited

Coupon

9.9500%

Maturity

Mar 2025

Rating

CRISIL  AA-

Type of Bond

Secured - Regular Bond/Debenture

Yield

10.2500%

Price

₹ 1,01,668.26

Yes Bank Limited

Coupon

8.8500%

Maturity

Feb 2025

Rating

CARE  A

Type of Bond

Unsecured - Regular Bond/Debenture

Yield

9.2500%

Price

₹ 9,96,357.80

U.P. Power Corporation Limited

Coupon

10.1500%

Maturity

Jan 2025

Rating

BWR  AA-(CE)

Type of Bond

State Guaranteed Bond (SLU)

Yield

9.0000%

Price

₹ 10,17,797.57

Shriram Finance Limited

Coupon

10.2500%

Maturity

Apr 2024

Rating

CRISIL  AA+

Type of Bond

Subordinate Debt

Yield

9.0000%

Price

₹ 10,02,239.95

Satya Microcapital Limited

Coupon

13.8500%

Maturity

Jul 2029

Rating

CRISIL  BBB+

Type of Bond

Subordinate Debt

Yield

14.9219%

Price

₹ 1,00,017.62