Taxable
Tax Category
13 Mar, 2032
Maturity Date
(7 Yr 3 Mo 6 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
13 Mar, 2024
Allotment Date
NA
Put Date
13 Mar, 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
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.89%
Coupon
Fixed Interest
Coupon Basis
8.7629%
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
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.
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.
Interest coverage ratio
Mar 27, 2024 | Kerala Financial Corporation
Sep 12, 2024 | Kerala Financial Corporation
Nov 01, 2024 | Kerala Financial Corporation
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.