Security Name: 10.75% Fincare Small Finance Bank Limited 05 Jan 2029
ISIN:
INE519Q08178
Taxable
Tax Category
05 Jan, 2029
Maturity Date
(3 Yr 10 Mo 10 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
05 Jul, 2023
Allotment Date
NA
Put Date
05 Apr, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.75%
Coupon
Fixed Interest
Coupon Basis
10.0116%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Fincare Small Finance Bank Limited
Fincare Small Finance Bank Limited (FSFB) (erstwhile Disha Microfin Limited), is a small finance bank, which started its banking operations on July 21, 2017, post receipt of final licence from RBI on May 12, 2017. The bank has been accorded the scheduled bank status in March 2019. As on March 31, 2022, FSFB operates in 16 states and one Union Territory with 912 branches. As per directions of the Reserve Bank India (RBI), AU Small Finance Bank (AU SFB), India's largest SFB, announced the merger of Fincare Small Finance Bank (Fincare SFB) into AU SFB, effective 1st April, 2024.
The ratio in FY24 is 0.79x and in FY23 it was 1.21x, indicating decrease in debt levels due to decrease in the borrowing and the increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.28x and in FY23 it was 1.38x, indicating decrease in the debt servicing ability of the issuer due to increase in the Interest on Deposits which resulted in overall increase in finance cost in FY24.
Interest coverage ratio
Recent News
Fincare Small Finance Bank standalone net profit rises 227.35% in the December 2023 quarter
Apr 05, 2024 | Fincare Small Finance Bank Limited
Fincare merges with AU Small Finance Bank
Apr 05, 2024 | Fincare Small Finance Bank Limited
AU Small Finance Bank Share Sale: Fincare Business Sells Stake Worth Rs 804 Crore
Aug 26, 2024 | Fincare Small Finance Bank Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE519Q08178 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 10.75% Fincare Small Finance Bank Limited 05 Jan 2029 |
| Credit Rating |
|---|
| A by ICRA AA Stable by CARE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 10.750000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 05/01/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,07,375.3 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,07,375.3 |
| Price |
|---|
| ₹107.3753 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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