Bond Directory / INDIA SHELTER FINANCE CORPORATION LIMITED

INDIA SHELTER FINANCE CORPORATION LIMITED

DELETED

8.88% SECURED RATED LISTED SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES.LETTER OF ALLOTMENT .DATE OF MATURITY 15/09/2031

ISIN

INE922K07088

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Essentials

Coupon Rate (Returns)

8.88%

Rating

AAA(CE)  ICRA LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-1 years -10 months

Sep 04, 2023

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call Available

Put option exercised at

Data Not Available

Issue Details

Issue Size

35 Crores

Issue Price

₹10,00,000

Security class

Debentures

Listing details

BSE

Debenture Trustee

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Issue

Private Placement (non-EBP)

Issuer Details

INDIA SHELTER FINANCE CORPORATION LIMITED

Business Sector

Housing Finance Company

Issuer Nature type

-

Issuer Ownership

-

Factors

*Rating Agency -ICRA LIMITED

Issue Size

Medium

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

Coupon Type

Simple

Factors

Issue Size

Medium

Rating Category*

AAA

Tax Saving

No

Mode of Issuance

Private Placement (non-EBP)

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

AAA(CE)

(Oct 13, 2023)

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

Credit Outlook

Stable

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

Rating Watch

No Watch

-

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

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Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

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