Security Name: 8.35% SMFG India Credit Company Limited 27 Sep 2033
ISIN:
INE535H08801
Taxable
Tax Category
27 Sep, 2033
Maturity Date
(8 Yr 1 Mo 24 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Sep, 2023
Allotment Date
NA
Put Date
27 Sep, 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
8.35%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
12 Sep, 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
SMFG India Credit Company Limited
SMFG India Credit started its operation in India in 2007 and is today a leading NBFC with pan India presence. SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) brings age old trust in a brand new avatar. To empower customers and build a bond of trust has always been the goal.
The ratio in FY24 is 8.75x and it was 9.88 in FY23, indicating even though there is increase in borrowings and finance cost but due to investment of Rs 1,300 crore in SMFG India Credit Co Limited through a rights issue by Sumitomo Mitsui Financial Group there is improvement in the ratios.
Debt/EBITDA
The ratio in FY24 is 1.33x and it was 1.51 x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in interest expenses on Borrowings and Debt securities which led to overall increase in the finance cost in FY24.
Interest coverage ratio
Recent News
Suzuki Motorcycle India partners with SMFG India Credit Co for vehicle finance
Mar 26, 2024 | SMFG India Credit Company Limited
SMFG India Credit Co raises ₹600 crore from Sumitomo Mitsui Banking Corporation
Mar 26, 2024 | SMFG India Credit Company Limited
Japan's Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit
Jun 07, 2024 | SMFG India Credit Company Limited
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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 INE535H08801 |
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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 |
|---|
| 8.35% SMFG India Credit Company Limited 27 Sep 2033 |
| Credit Rating |
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| AAA Stable by CARE |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 8.350000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 27/09/2033 |
| Security |
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| Unsecured Subordinated Tier 2 |
| 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.
