Taxable
Tax Category
24 Apr, 2029
Maturity Date
(4 Yr 3 Mo 6 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
24 Apr, 2024
Allotment Date
NA
Put Date
24 Apr, 2025
Next Interest Payment Date
7 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
8.05%
Coupon
Fixed Interest
Coupon Basis
7.9549%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Kotak Mahindra Prime Limited was established as Kotak Mahindra Primus Limited in 1996 as a 60:40 joint venture between Kotak Mahindra Bank Limited and Ford Credit International (FCI). FCI exited the venture in 2005, and the company was subsequently renamed Kotak Mahindra Prime Limited. At present, KMBL has a 51% stake in KMPL and the balance is held by Kotak Securities Limited, which is a wholly-owned step-down subsidiary of KMBL.
The ratio in FY24 is 9.59x and it was 9.10x in FY23, indicating increase in debt levels, due to increase in the borrowings as well as decrease in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.65x and it was 2.07x in FY23, indicating decreasing issuers debt service ability, due to increase in Interest on Term loans and Interest on debt securities - NDC and other expenses increase which led to overall increase in the finance cost.
Interest coverage ratio
Feb 19, 2024 | Kotak Mahindra Prime Limited
Jun 04, 2024 | Kotak Mahindra Prime Limited
Jan 11, 2025 | Kotak Mahindra Prime Limited
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BOND VALUE DETAILS
Cashflow for INE916DA7SS8 |
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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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8.05% Kotak Mahindra Prime Limited 24 Apr 2029 |
Credit Rating |
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AAA Stable by ICRA AAA Stable by CRISIL |
Coupon Frequency |
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Yearly |
Face Value |
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₹1,00,000 |
Coupon |
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8.050000% |
YTM or YTC |
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YTM |
Maturity Date |
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24/04/2029 |
Security |
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Senior Secured |
No. of Bonds |
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1 |
Settlement Date |
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Jan 16,2025 |
Principal Amount |
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₹1,01,195.7 |
Accrued Interest |
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₹0 |
Stamp Duty |
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₹0 |
Total Amount Payable |
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₹1,01,195.7 |
Price |
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₹101.1957 |
Yield |
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0% |
Year | Payment Date | Amount | Payout Type |
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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.