Security Name: 6.75% Piramal Capital and Housing Finance Limited 26 Sep 2031
ISIN:
INE516Y07444
Taxable
Tax Category
26 Sep, 2031
Maturity Date
(6 Yr 8 Mo 9 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
28 Sep, 2021
Allotment Date
NA
Put Date
28 Mar, 2025
Next Interest Payment Date
16 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
Quote Not Available
Dirty Price
6.75%
Coupon
Fixed Interest
Coupon Basis
NaN%
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
Piramal Capital and Housing Finance Limited
PCHFL was incorporated in February 2017. In August 2017, PCHFL received a certificate for commencement of housing finance business from National Housing Bank. Subsequently, the Board of Piramal Enterprises Ltd (PEL), the parent of PFL, approved a scheme of amalgamation of PFL and Piramal Capital Ltd to PCHFL. PCL was a subsidiary of PEL and had limited operations. The merger process was completed in July 2018 with effect from 31st March 2018. Consequently, all outstanding assets and liabilities of Piramal Finance Ltd are being transferred to Piramal Capital and Housing Finance Ltd.
The ratio in FY24 is 211.83x and it was -4.34x in FY23, indicating drastic reduction in losses in FY24 therefore huge difference between the ratios.
Debt/EBITDA
The ratio in FY24 is 0.02and it was -2.71x in FY23, indicating increase in the debt servicing ability of the issuer due to reduction in the incurred losses in FY24.
Interest coverage ratio
Recent News
Piramal Enterprises invests ₹2,000 crore in arm Piramal Capital and Housing Finance
Mar 27, 2024 | Piramal Capital and Housing Finance Limited
Piramal Enterprises to stay away from future investment in AIFs
Mar 27, 2024 | Piramal Capital and Housing Finance Limited
Piramal Capital seeking counterbids to sell Rs 702 cr of bad loans
Nov 18, 2024 | Piramal Capital and Housing Finance Limited
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STEPS TO BUY THIS BOND
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Demat Account Proof
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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
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Total Investment
| Cashflow for INE516Y07444 |
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| 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). |
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| Security Name |
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| 6.75% Piramal Capital and Housing Finance Limited 26 Sep 2031 |
| Credit Rating |
|---|
| AA Stable by CARE AA Stable by ICRA |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
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| ₹850 |
| Coupon |
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| 6.750000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 26/09/2031 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| Stamp Duty |
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| ₹0 |
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Quote Not Available for purchase
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.
