Security Name: 8.28% GIC Housing Finance Limited 21 Aug 2026
ISIN:
INE289B07099
Taxable
Tax Category
21 Aug, 2026
Maturity Date
(1 Yr 2 Mo 29 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
21 Nov, 2024
Allotment Date
NA
Put Date
21 Aug, 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
Quote Not Available
Dirty Price
8.28%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
06 Aug, 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
GIC Housing Finance Limited
GIC Housing Finance Limited, was incorporated as ‘GIC Grih Vitta Limited’ on 12th December 1989. The name was changed to its present name via a fresh Certificate of Incorporation issued on 16th November 1993. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. GICHFL always believed that its success and growth depends on following fair and ethical lending policies that are customer friendly, while at the same time creating wealth for its shareholders.
The ratio in FY24 is 9.21x and it was 9.12x in FY23, indicating increase in debt levels, due to decrease in Profitability level in FY24.
Debt/EBITDA
The ratio in FY24 is 1.29x and it was 1.41x in FY23, indicating decrease in issuers debt service ability, due to increase in the Interest expenses on borrowings which increase overall finance cost in FY24.
Interest coverage ratio
Recent News
GIC Housing Finance's net profit up 2.56% in Q4 FY24
Aug 06, 2024 | GIC Housing Finance Limited
GIC Re weighs options for its holding in GICHFL, including stake sale
Sep 18, 2024 | GIC Housing Finance Limited
IMGC, GIC Housing partner to offer mortgage guarantee-backed home loans
Jan 13, 2025 | GIC Housing Finance Limited
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PAN Card
Bank Account Proof
Aadhaar Card
Demat 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 INE289B07099 |
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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 |
|---|
| 8.28% GIC Housing Finance Limited 21 Aug 2026 |
| Credit Rating |
|---|
| AA + /Stable by ICRA AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.280000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 21/08/2026 |
| Security |
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| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| 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.
