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Security Name: 8.98% Hero FinCorp Limited 03 Aug 2026

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ISIN:
INE957N08029
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Taxable

Tax Category

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03 Aug, 2026

Maturity Date
(1 Yr 7 Mo 1 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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03 Aug, 2016

Allotment Date

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NA

Put Date

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04 Aug, 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

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8.98%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

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 + /Stable
ICRA
AA + /Stable
CRISIL
Subordinated Tier 2

Repayment Priority

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

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Hero FinCorp Limited

HFCL was incorporated in December 1991 under the name, Hero Honda Finlease Limited. Furthermore, the company changed its name to Hero Fincorp Limited in July 2011. HFCL is a NBFC-ND-SI registered with RBI and is engaged in the business of lending towards various products under corporate and retail lending. The company is mainly into retail lending, retail SME lending and corporate lending.

The ratio in FY24 is 10.11x and it was 11.16x in FY23, indicating decrease in debt levels, due to significant increase in the profitability, even though there is increase in the borrowings of the issuer.

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Debt/EBITDA

The ratio in FY24 is 1.33x and it was 1.36x in FY22, indicating decrease  in issuers debt servicing ability, due to significant increase in the finance cost .

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Interest coverage ratio

Recent News
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Hero FinCorp’s PAT may cross Rs 1,000 crore in FY24

Mar 27, 2024 | Hero FinCorp Limited

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Hero FinCorp unveils new look for Bharat

Mar 27, 2024 | Hero FinCorp Limited

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Hero FinCorp files papers for Rs 3,668 crore IPO

Nov 05, 2024 | Hero FinCorp Limited

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Let's decode Information Memorandum

The critical document that underpins every fixed-income transaction

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, send a request for the Information Memorandum. You will receive an email shortly.
E-Book
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 INE957N08029
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).
Security Name
8.98% Hero FinCorp Limited 03 Aug 2026
Credit Rating
AA + /Stable by ICRA
AA + /Stable by CRISIL
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
8.980000%
YTM or YTC
YTM
Maturity Date
03/08/2026
Security
Unsecured Subordinated Tier 2
No. of Bonds
1
Settlement Date
Principal Amount
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Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
₹NaN
Price
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Yield
%
YearPayment DateAmountPayout Type

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.

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