Security Name: 8.55% Shriram Transport Finance Company Limited 08 Sep 2032
ISIN:
INE721A07RC0
Taxable
Tax Category
08 Sep, 2032
Maturity Date
(7 Yr 8 Mo 16 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
08 Sep, 2022
Allotment Date
NA
Put Date
08 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
8.55%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
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?
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ISSUER
Shriram Transport Finance Company Limited
Shriram Finance is the country’s one of the biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. In November 2022, Shriram Group’s entities – Shriram Transport Finance Company Limited, Shriram City Union Finance Limited, and Shriram Capital Limited – merged to form Shriram Finance Limited.
The ratio in FY24 is 5.47x and it was 5.52x in FY23, indicating decreasing debt levels despite there is increase in the borrowing as well as finance cost, still the issuer is able to significantly able to improve its profitability.
Debt/EBITDA
The ratio in FY24 is 1.65x and it was 1.65x in FY23, indicating there are no changes in the debt servicing ability of the issuer.
Interest coverage ratio
Recent News
Shriram Housing Finance may defer in the share scale
May 31, 2023 | Shriram Transport Finance Company Limited
Shriram Finance shares rise 1.74% as Sensex slides
Mar 26, 2024 | Shriram Transport Finance Company Limited
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STEPS TO BUY THIS BOND
Information required for KYC
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 INE721A07RC0 |
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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 |
|---|
| 8.55% Shriram Transport Finance Company Limited 08 Sep 2032 |
| Credit Rating |
|---|
| AA + /Stable by CRISIL AA + /Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
|---|
| 8.550000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 08/09/2032 |
| Security |
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| Senior Secured |
| 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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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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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.
