Cholamandalam Investment and Finance Company Limited - INE121A07QY9
Microfinance
corporate
Coupon Rate
8.40%
Maturity Date
04 May 2028
ISIN
INE121A07QY9
Face Value
₹1,000
About Issue
This AA+ rated bond from Cholamandalam Investment and Finance Company Limited, a corporate, offers a Fixed coupon of 8.4% with maturity on 04 May 2028. Issued through the Public offer as under ISIN INE121A07QY9, 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)
Mode of Issue
Public
Private
Tax Saving
Yes
No
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
04 May 2023
Remaining Tenure
2Y 10M
Security Name
CHOLAMANDALAM INVT. AND FIN. CO.LTD SR 5 8.40 NCD 04MY28 FVRS1000
Risk Assessment
Credit Rating
Rating
[ICRA]AA+ (Stable)
Date of Rating
21 Jul 2023
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