Taxable
Tax Category
23 May, 2030
Maturity Date
(5 Yr 4 Mo 25 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
23 May, 2023
Allotment Date
NA
Put Date
23 May, 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
₹NaN
Dirty Price
8.75%
Coupon
Fixed Interest
Coupon Basis
8.6677%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
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 FY24 is 9.23 x and it was 9.81x in FY23, indicating decrease in the debt level compared to previous year due to increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.50x and it was 1.63x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in interest on Debt securities and Borrowings other than debt securities which led to overall increase in the finance cost.
Interest coverage ratio
Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited
Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited
Nov 14, 2024 | Cholamandalam Investment And Finance Company Limited
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BOND VALUE DETAILS
Cashflow for INE121A08PF8 |
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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 |
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8.75% Cholamandalam Investment And Finance Company Limited 23 May 2030 |
Credit Rating |
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AA + (Positive) by ICRA AA + /Stable by IND |
Coupon Frequency |
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Yearly |
Face Value |
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₹1,00,000 |
Coupon |
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8.750000% |
YTM or YTC |
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YTM |
Maturity Date |
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23/05/2030 |
Security |
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Unsecured Subordinated Tier 2 |
No. of Bonds |
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1 |
Settlement Date |
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Dec 27,2024 |
Principal Amount |
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₹1,00,950 |
Accrued Interest |
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₹0 |
Stamp Duty |
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₹0 |
Total Amount Payable |
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₹1,00,950 |
Price |
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₹100.95 |
Yield |
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0% |
Year | Payment Date | Amount | Payout Type |
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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.