Security Name: 8.25% Credila Financial Services Limited 23 Jul 2032
ISIN:
INE539K08211
Taxable
Tax Category
23 Jul, 2032
Maturity Date
(7 Yr 2 Mo 10 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
25 Jul, 2022
Allotment Date
NA
Put Date
25 Jul, 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
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.25%
Coupon
Fixed Interest
Coupon Basis
8.5444%
Current Yield
10 Jul, 2025
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
Credila Financial Services Limited
Credila Financial Services Limited (formerly known as HDFC Credila Financial Services Limited) was founded by Mr. Ajay Bohora and Mr. Anil Bohora in 2006. Credila, which received a non-banking financial company (NBFC) licence in 2007, is the first financial services company established as a specialised institution for originating, holding and servicing education loans. On March 19, 2024, Credila ceased to be a subsidiary of HDFC Bank with the transfer of 90% of the shareholding to Kopvoorn B.V. (which is a part of the BPEA EQT Group) and Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners.
The ratio in FY24 is 9.96x and it was 10.41x in FY23, indicating decrease in the debt level due to increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.41x and it was 1.46x in FY23, indicating slight decrease in the debt servicing ability of the issuer due to increase in the Interest on debt securities, Borrowing (other than debt securities) and others which resulted in overall increase in finance cost .
Interest coverage ratio
Recent News
CCI clears proposed acquisition of HDFC Credila Financial Services
Mar 26, 2024 | Credila Financial Services Limited
ADIA may buy 10% of HDFC Credila from EQT Baring
Jul 26, 2024 | Credila Financial Services Limited
HDFC Credila Financial Services standalone net profit rises 65.72% in the September 2024 quarter
Nov 26, 2024 | Credila Financial Services Limited
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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.
Clean Price
Yield (YTM)
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE539K08211 |
|---|
| 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 |
|---|
| 8.25% Credila Financial Services Limited 23 Jul 2032 |
| Credit Rating |
|---|
| AA Stable by CARE AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 8.250000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 23/07/2032 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| May 14,2025 |
| Principal Amount |
|---|
| ₹96,55,410 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹10 |
| Total Amount Payable |
|---|
| ₹96,55,420 |
| Price |
|---|
| ₹96.5541 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | 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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