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Security Name: 9.10% Cholamandalam Investment And Finance Company Limited 27 Jun 2031

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ISIN:
INE121A08PP7
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Taxable

Tax Category

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27 Jun, 2031

Maturity Date
(6 Yr 11 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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31 Jul, 2024

Allotment Date

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NA

Put Date

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31 Jul, 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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₹103.2033

Dirty Price

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9.1%

Coupon

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Fixed Interest

Coupon Basis

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8.8176%

Current Yield

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16 Jul, 2025

Record Date

YOUR EARNING

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Your Investment

₹5,16,016.5

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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
Credit Rating
Low SafetyHigh Safety
AA + (Positive)
ICRA
AA- / Stable
IND
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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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.

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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.

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Interest coverage ratio

Recent News
News Thumbnail
Chola Inv Finance shares rise 1.67% as Sensex slides

Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited

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DLF sells land parcel in Chennai for ₹735 cr to Cholamandalam Investment and Finance Company

Mar 27, 2024 | Cholamandalam Investment And Finance Company Limited

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Cholamandalam Investment onboards Jeeva Balakrishnan as CHRO

Nov 14, 2024 | Cholamandalam Investment And Finance Company Limited

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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.
Clean Price
Yield (YTM)
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₹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%
YearPayment DateAmountAmount after TDSPayout 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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