Security Name: 8.98% Hero FinCorp Limited 03 Aug 2026
ISIN:
INE957N08029
Taxable
Tax Category
03 Aug, 2026
Maturity Date
(1 Yr 7 Mo 1 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
03 Aug, 2016
Allotment Date
NA
Put Date
04 Aug, 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
Quote Not Available
Dirty Price
8.98%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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 .
Interest coverage ratio
Recent News
Hero FinCorp’s PAT may cross Rs 1,000 crore in FY24
Mar 27, 2024 | Hero FinCorp Limited
Hero FinCorp unveils new look for Bharat
Mar 27, 2024 | Hero FinCorp Limited
Hero FinCorp files papers for Rs 3,668 crore IPO
Nov 05, 2024 | Hero FinCorp Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Total Investment
| Cashflow for INE957N08029 |
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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 |
|---|
| 8.98% Hero FinCorp Limited 03 Aug 2026 |
| Credit Rating |
|---|
| AA + /Stable by ICRA AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
|---|
| 8.980000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 03/08/2026 |
| Security |
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| Unsecured Subordinated Tier 2 |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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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.
