Shriram Finance Ltd - INE722A07AQ4
Microfinance
corporate
Coupon Rate
9.50%
Maturity Date
21 Feb 2031
ISIN
INE722A07AQ4
Face Value
₹10,00,000
About Issuer
This AA rated bond from Shriram Finance Ltd, a corporate, offers a Fixed coupon of 9.5% with maturity on 21 February 2031. Issued through the Private placement as under ISIN INE722A07AQ4, 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
45.00 Cr
Allotment Date
25 Mar 2021
Remaining Tenure
5Y 6M
Security Name
SHRIRAM FINANCE LIMITED SR XXI OP II 9.50 NCD 21FB31 FVRS10LAC
Risk Assessment
Credit Rating
Rating
[ICRA]AA (Stable)
Date of Rating
21 Jun 2022
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