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Security Name: 8.89% Kerala Financial Corporation 13 Mar 2032

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ISIN:
INE818F07278
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Taxable

Tax Category

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13 Mar, 2032

Maturity Date
(7 Yr 3 Mo 6 D to mature)

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Quarterly

Interest Payment Frequency

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Yes

NRI Eligibility

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13 Mar, 2024

Allotment Date

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NA

Put Date

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13 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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Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

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8.89%

Coupon

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Fixed Interest

Coupon Basis

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8.7629%

Current Yield

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AA
IVR
AA / Stable
ACUITE
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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Kerala Financial Corporation

Kerala Financial Corporation, incorporated under the State Financial Corporations Act of 1951, is a public sector enterprise under the administrative control of the Govt of Kerala with the objective of promoting the industrialization of the state by extending financial assistance to micro, small and medium enterprises in the manufacturing and service sectors.

The ratio in FY24 is 10.67x and it was 12.39x in FY23, indicating decreased debt levels due to increased profitability of the issuer in FY24.

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Debt/EBITDA

The ratio in FY24 is 1.19x and it was 1.21x in FY23, indicating decrease in debt servicing ability due to increase in interest on bonds and interest on line of credit from banks which led to overall increase in finance cost in FY24.

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Interest coverage ratio

Recent News
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Kerala Financial Corporation standalone net profit rises 102.36% in the December 2023 quarter

Mar 27, 2024 | Kerala Financial Corporation

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Kerala Financial Corporation organises start-up conclave

Sep 12, 2024 | Kerala Financial Corporation

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KFC loans scheme for ex- servicemen

Nov 01, 2024 | Kerala Financial Corporation

Related Videos
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Seniority Ranking

Demystifying the hierarchy that determines who gets paid first in the event of a default

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Credit Rating

Discover why credit ratings are the key to unlocking doors in the financial world.

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
PAN Card
Bank Account Proof
Aadhaar Card
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.
₹101.45
Clean Price
8.8877%
Yield (YTM)
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Principal Amount
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BOND VALUE DETAILS

Face Value
Market Value
Stamp Duty
Total Investment

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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