Security Name: 8.35% SMFG India Credit Company Limited 27 Sep 2033
ISIN: INE535H08801
Taxable
Tax Category
27 Sep, 2033
Maturity Date
(8 Yr 8 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 Company Limited (SMICC) commenced operations in January 2006,catering primarily to self-employed borrowers. It is wholly owned bySumitomo Mitsui Financial Group, Inc (SMFG). SMICC’s secured lending portfolio consists of mortgage loans to retail customers and small and medium enterprises (SMEs), commercial vehicle (CV) loans and secured rural loans such as two-wheeler loans, CV and mortgage loans. The unsecured portfolio comprises personal loans to salaried and self-employed individuals and group and individual loans in the rural space.As on March 31, 2025, the company was fully held by SMFG. SMFG had acquired a 74.9% stake in November 2021andthe balance from Angelica Investments Pte. Ltd. in March 2024.
The ratio in FY25 is 10.25x and it was 8.75x in FY24, indicating increase in the debt level of the issuer due to increase in the borrowings of the issuer in FY25.
Debt/EBITDA
The ratio in FY25 is 1.15x and it was 1.33x in FY24, indicating decrease in the debt servicing ability of the issuer due to 51% unsecured loans (March 2025), the company’s asset quality is vulnerable, affecting profitability.
Interest coverage ratio
Recent News
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
Maruti Suzuki Partners SMFG India Credit For Commercial Vehicle Financing
Aug 01, 2025 | 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 |
|---|
| AAA Stable by CARE |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
|---|
| 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.
