Security Name: 9.10% Cholamandalam Investment And Finance Company Limited 27 Jun 2031
ISIN:
INE121A08PP7
Taxable
Tax Category
27 Jun, 2031
Maturity Date
(6 Yr 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
31 Jul, 2024
Allotment Date
NA
Put Date
31 Jul, 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
₹103.2033
Dirty Price
9.1%
Coupon
Fixed Interest
Coupon Basis
8.8176%
Current Yield
16 Jul, 2025
Record Date
YOUR EARNING
Your Investment
₹5,16,016.5
Final Payout
₹0
Payment Schedule(Date)
Interest Payout(₹)
Interest Payout(₹) Post TDS
*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
Cholamandalam Investment And Finance Company Limited
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
Recent News
Chola Inv Finance shares rise 1.67% as Sensex slides
Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited
DLF sells land parcel in Chennai for ₹735 cr to Cholamandalam Investment and Finance Company
Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited
Cholamandalam Investment onboards Jeeva Balakrishnan as CHRO
Nov 14, 2024 | Cholamandalam Investment And Finance Company Limited
Related Videos
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Principal Repayment Schedule
Understanding the Payback: The Essentials of Principal Repayment
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
₹5,16,015.5
Principal Amount
₹0
Accrued Interest from Jul 31, 2024
Select the number of units below
BOND VALUE DETAILS
Face Value
₹1,00,000
Market Value
₹1,03,203.1
Stamp Duty
₹1
Select a Settlement Date:
Total Investment
₹5,16,016.5
| Cashflow for INE121A08PP7 |
|---|
| 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 |
|---|
| 9.10% Cholamandalam Investment And Finance Company Limited 27 Jun 2031 |
| Credit Rating |
|---|
| AA + (Positive) by ICRA AA- / Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.100000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 27/06/2031 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 5 |
| Settlement Date |
|---|
| Jun 17,2025 |
| Principal Amount |
|---|
| ₹5,16,015.5 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹5,16,016.5 |
| Price |
|---|
| ₹103.2031 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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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