Security Name: 7.70% Kerala Financial Corporation 14 Sep 2027
ISIN:
INE818F07112
Taxable
Tax Category
14 Sep, 2027
Maturity Date
(2 Yr 8 Mo 17 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
14 Sep, 2020
Allotment Date
NA
Put Date
14 Mar, 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
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
7.7%
Coupon
Fixed Interest
Coupon Basis
7.8866%
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
Kerala Financial Corporation
Kerala Financial Corporation, incorporated under the State Financial Corporations Act of 1951, is a public sector enterprise under the administrative control of the Govt of Kerala with the objective of promoting the industrialization of the state by extending financial assistance to micro, small and medium enterprises in the manufacturing and service sectors.
The ratio in FY24 is 10.67x and it was 12.39x in FY23, indicating decreased debt levels due to increased profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.19x and it was 1.21x in FY23, indicating decrease in debt servicing ability due to increase in interest on bonds and interest on line of credit from banks which led to overall increase in finance cost in FY24.
Interest coverage ratio
Recent News
Kerala Financial Corporation standalone net profit rises 102.36% in the December 2023 quarter
Mar 27, 2024 | Kerala Financial Corporation
Kerala Financial Corporation organises start-up conclave
Sep 12, 2024 | Kerala Financial Corporation
KFC loans scheme for ex- servicemen
Nov 01, 2024 | Kerala Financial Corporation
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Seniority Ranking
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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.
₹97.6336
Clean Price
8.8765%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE818F07112 |
|---|
| 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 |
|---|
| 7.70% Kerala Financial Corporation 14 Sep 2027 |
| Credit Rating |
|---|
| AA / Stable by BWR AA / Stable by ACUITE |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹2,00,000 |
| Coupon |
|---|
| 7.700000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 14/09/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Dec 27,2024 |
| Principal Amount |
|---|
| ₹1,95,267.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,95,267.2 |
| Price |
|---|
| ₹97.6336 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | 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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