Bond Directory / SPANDANA SPHOORTY FINANCIAL LIMITED

SPANDANA SPHOORTY FINANCIAL LIMITED

DELETED

10 YEAR G-SEC LINKED SECURED LISTED RATED REDEEMABLE, TRANSFERABLE TAXABLE PRINCIPAL PROTECTED MARKET LINKED, NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 24/11/2023.

ISIN

INE572J07257

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Essentials

Coupon Rate (Returns)

10-YEAR GOVERNMENT SECURITY - 5.79% GS 2030 (ISIN- IN0020200070) LINKED

Rating

PP-MLD A  ICRA LIMITED

Interest Payment Frequency

MONTHLY

Twelve Times A Year

Maturity after

-6 months

Nov 24, 2023

Face Value

₹1,00,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call and Put

Put option exercised at

At Par

Issue Details

Issue Size

100 Crores

Issue Price

₹1,00,000

Security class

Debentures

Listing details

NSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement

Issuer Details

SPANDANA SPHOORTY FINANCIAL LIMITED

Business Sector

165

Issuer Nature type

-

Issuer Ownership

-

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

A

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - ICRA LIMITED

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

PP-MLD A

(Jan 15, 2024)

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

Positive

Credit Outlook is positive and hence credit rating of the bond is not likely to change adversely in near future.

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

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

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.

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