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Security Name: 10.75% Fincare Small Finance Bank Limited 15 Dec 2028

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ISIN:
INE519Q08160
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Taxable

Tax Category

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15 Dec, 2028

Maturity Date
(3 Yr 10 Mo 28 D to mature)

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Monthly

Interest Payment Frequency

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Yes

NRI Eligibility

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15 Jun, 2023

Allotment Date

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NA

Put Date

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15 Feb, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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10.75%

Coupon

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Fixed Interest

Coupon Basis

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10.0353%

Current Yield

YOUR EARNING

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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
A +
ICRA
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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.

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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.

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Interest coverage ratio

Recent News
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Fincare Small Finance Bank standalone net profit rises 227.35% in the December 2023 quarter

Apr 05, 2024 | Fincare Small Finance Bank Limited

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Fincare merges with AU Small Finance Bank

Apr 05, 2024 | Fincare Small Finance Bank Limited

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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
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹107.122
Clean Price
8.9427%
Yield (YTM)
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Principal Amount
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE519Q08160
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 15 Dec 2028
Credit Rating
A + by ICRA
Coupon Frequency
Monthly
Face Value
₹1,00,000
Coupon
10.750000%
YTM or YTC
YTM
Maturity Date
15/12/2028
Security
Unsecured Subordinated Tier 2
No. of Bonds
1
Settlement Date
Jan 16,2025
Principal Amount
₹1,07,122
Accrued Interest
₹0
Stamp Duty
₹0
Total Amount Payable
₹1,07,122
Price
₹107.122
Yield
0%
YearPayment DateAmountPayout 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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