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8.60%Cholamandalam Investment And Finance Company Limited 15 Mar 2029

ISIN:
INE121A07RY7
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Taxable

Tax Category

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15 Mar, 2029

Maturity Date
(4 Yr 7 Mo 16 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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15 Mar, 2024

Allotment Date

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NA

Put Date

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15 Mar, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA + (Positive)
ICRA
AA + /Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Cholamandalam Investment And Finance Company Limited

Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, loan against property, SME loans, Secured Business Personal Loans (SBPL), Consumer & Small Enterprises Loans (CSEL) and a variety of other financial services to customers.

The ratio in FY23 9.81x and it was 8.96x in FY22, indicating increase in debt levels as compared to previous year.

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Debt/EBITDA

The ratio in FY23 is 1.63x and it was 1.67 x in FY22, indicating decreased debt servicing ability of the issuer due to increase in borrowings.

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Interest coverage ratio

Recent News
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Chola Inv Finance shares rise 1.67% as Sensex slides

Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited

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DLF sells land parcel in Chennai for ₹735 cr to Cholamandalam Investment and Finance Company

Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
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Bank Account Proof
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Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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