Fixed Income
with sovereign
global bonds
Mutual Funds Equity Funds Nippon India Small Cap Fund – Growth
KERALA FINANCIAL CORPORATIONActive
8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP D DATE OF MATURITY 13/03/2033
Issue Details
Issue Size
61.40 Crores
Issue Price
₹1,00,000
Security class
Debentures
Listing details
BSE
Debenture Trustee
Beacon Trusteeship Ltd
Issue
Private Placement (EBP)
Issuer Details
KERALA FINANCIAL
CORPORATION
Issue Size
61.40 Crores
Issue Price
₹1,00,000
Security class
Debentures
Factors
Issue Size
Large
Tax Saving
No
Mode of Issuance
Private Placement (EBP)
Coupon Type
BSE
Issue Details
Coupon Rate (Returns)
8.89
Rating
—
Interest Payment Frequency
QUARTERLY
Once Every Quarter
Maturity after
7 years 5 months
Mar 13, 2033
Face Value
₹1,00,000
Coupon Type
Simple
Can be returned to Issuer?
No
Put option exercised at
Data Not Available
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?
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Senior
Security with Collateral?
An investment secured with collateral helps
Secured
Type of Guarantee
Guarantee of investment by third-party if company defaults
Guaranteed
Credit Rating
Credit Rating
None
Credit Outlook
—
Rating Watch
—
What other details I need to know?
Coupon and Interest Details
Coupon Basis
N/A
Step Up/Down Coupon
Basis
N/A
Infrastructure Category
No
Coupon Payment Date
QUARTERLY
Interest Rate Up to
Mar 13, 2033
Interest Rate Link Up to
Refer Annexure
Additional Details
Allotment Date
Mar 13, 2024
First Payment date
Jun 13, 2024
Day Count
Actual/actual
Taxable
No
Put Description
–
Call Description
–
Registrar Details
Cameo Corporate Services Ltd
Redemption Details
Type of Redemption
Partial Redemption by Face Value
Defaulted in Redemption
Not Applicable
Redemption Premium Details
N/A