Security Name: 8.23% John Deere Financial India Private Limited 05 May 2028
ISIN:
INE00V208124
Taxable
Tax Category
05 May, 2028
Maturity Date
(2 Yr 9 Mo 18 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
05 Feb, 2025
Allotment Date
NA
Put Date
05 Feb, 2026
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
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.23%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
21 Jan, 2026
Record Date
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
John Deere Financial India Private Limited
JDFIPL is a wholly owned subsidiary of JDIPL, which in turn is indirectly wholly owned by Deere & Co. JDIPL has been present in India since 1998, initially through a joint venture with Larsen & Toubro Ltd. JDFIPL was incorporated in October 2011 with the aim to support sales of JDIPL vehicles in India. JDFIPL finances John Deere equipment in India by extending retail credit to customers. In December 2017, Deere & Co completed the acquisition of Wirtgen Group, manufacturer of road construction equipment. After the acquisition, Wirtgen Group entities in India are subsidiaries of JDIPL.
The Debt/EBITDA ratio decreased from 8.71x to 8.38x, indicating that while the debt increased, EBITDA grew at a faster rate. A lower ratio is generally a positive sign, signalling better operational performance.
Debt/EBITDA
The ratio in FY24 is 1.73x and it was 2x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the interest on borrowings and debt securities which led to overall increase in the finance cost of the issuer.
Interest coverage ratio
Recent News
Deere Reports Third Quarter Net Income of $1.734 Billion
Oct 01, 2024 | John Deere Financial India Private Limited
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PAN Card
Bank 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 INE00V208124 |
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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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| 8.23% John Deere Financial India Private Limited 05 May 2028 |
| Credit Rating |
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| 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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| 8.230000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 05/05/2028 |
| Security |
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| Senior Unsecured |
| 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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| ₹0 |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
