Bond Directory / NAVI FINSERV LIMITED

NAVI FINSERV LIMITED

DELETED

9% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 31/12/2023.

ISIN

INE342T07270

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Essentials

Coupon Rate (Returns)

9

Rating

INDIA RATING AND RESEARCH PVT. LTD

Interest Payment Frequency

MATURITY

On Maturity

Maturity after

-10 months

Jul 28, 2023

Face Value

₹10,00,000

Coupon Type

Compounding

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

100 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement (non-EBP)

Issuer Details

NAVI FINSERV LIMITED

Business Sector

165

Issuer Nature type

Other

Issuer Ownership

Non PSU

Factors

*Rating Agency -INDIA RATING AND RESEARCH PVT. LTD

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

Coupon Type

Compounding

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

Coupon Type

Compounding

*Rating Agency - INDIA RATING AND RESEARCH PVT. LTD

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.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

A

(Sep 12, 2022)

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

Not Applicable

Not Applicable

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

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

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