Bond Directory / ESAF SMALL FINANCE BANK LIMITED

ESAF SMALL FINANCE BANK LIMITED

ACTIVE

11% UNSECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE BASEL III COMPLIANT TIER II BONDS. SERIES I. LETTER OF ALLOTMENT. DATE OF MATURITY 29/09/2024

ISIN

INE818W08057

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Essentials

Coupon Rate (Returns)

11%

Rating

-

Interest Payment Frequency

SEMI ANNUALLY

Two Times Every Year

Maturity after

-9 months

Sep 29, 2024

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

25 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

Not listed

Debenture Trustee

-

Issue

Private Placement

Issuer Details

ESAF SMALL FINANCE BANK LIMITED

Business Sector

Other Bank

Issuer Nature type

NBFC

Issuer Ownership

Non PSU

Factors

Issue Size

Medium

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Medium

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

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.

Know this Issuer

It's essential to understand the issuer of the bonds where you're investing your money.

ESAF Small Finance Bank

ESAF Small Finance Bank (ESAF SFB) is a NSE & BSE listed, Kerala-based Small Finance Bank (SFB). The bank was reinforced by vision of Mr. K. Paul Thomas who is a part of the Kerala-based ESAF group, operating in microfinance space from 1995.

Financial Performance

Particulars FY25 (₹ in cr) FY24 (₹ in cr) FY23 (₹ in cr)
NET WORTH 1945 2486.11 1709.12
REVENUE 4329.31 4260.25 3141.57
PAT (521.39) 425.57 302.33
CRAR% 21.84 23.27 19.83
GNPA% 6.87 4.76 2.49
NNPA% 2.99 2.26 1.13

Established track record of the bank

Significant increase in the secured loan portfolio in 9MFY25

Adequate capitalisation levels

Consistent growth in deposits

Losses reported in 9MFY25

Moderate asset quality with continued high slippages

Regional concentration of loan portfolio with improvement in single state concentration

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

None

(-)

-

Credit Outlook

-

-

Rating Watch

-

-

Repayment Priority

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

Subordinate Tier 2

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

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