Cholamandalam Investment and Finance Company Limited - INE121A07QN2

Microfinance

corporate

Coupon Rate
7.50%
Maturity Date
28 Apr 2027
ISIN
INE121A07QN2copy
Face Value
₹10,00,000
About Issuer
This AA+ rated bond from Cholamandalam Investment and Finance Company Limited, a corporate, offers a Fixed coupon of 7.5% with maturity on 28 April 2027. Issued through the Private placement as under ISIN INE121A07QN2, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Key Attributes
Rating
[ICRA]AA+ (Stable)
Tax Status
Taxable
Mode of Issue
Public
Private
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
28 Apr 2022
Remaining Tenure
21M
Security Name
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 620 7.50 NCD 28AP27 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]AA+ (Stable)
Date of Rating
21 Jul 2023
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