7.70%Kerala Financial Corporation 14 Sep 2027
ISIN:
INE818F07112
Taxable
Tax Category
14 Sep, 2027
Maturity Date
(3 Yr 4 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
Quote Not Available
Dirty Price
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 raises ₹307 crore through NCD issue
Mar 27, 2024 | Kerala Financial Corporation
Kerala Financial Corporation standalone net profit rises 102.36% in the December 2023 quarter
Mar 27, 2024 | Kerala Financial Corporation
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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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