Security Name: 9.30% TVS Credit Services Limited 27 Jun 2029
ISIN:
INE729N08105
Taxable
Tax Category
27 Jun, 2029
Maturity Date
(4 Yr 1 Mo 18 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Dec, 2023
Allotment Date
NA
Put Date
27 Dec, 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
9.3%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
12 Dec, 2025
Record Date
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
TVS Credit Services Limited
TVSCSL, a Chennai-based non-deposit taking NBFC incorporated in November 2008, is a part of the TVSM Group of companies. TVS Credit commenced operations as a NBFC in May 2010. It has scaled up its business and had an AUM of Rs 11,240 crores as on March 31, 2021. The company currently finances two-wheelers (of TVS Motor), new tractors, used tractors, used cars, consumer durables and used commercial vehicle. It caters largely to rural customers who have little or no access to bank financing and has a high share of cash collection.
The ratio in FY24 is 8.37x and in FY223 was 10.07x indicating decrease in the debt due to significant increase in profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.46x and in FY 23 it was 1.44x, indicating increasing ability to service its debt due to increase in the company’s AUM stood at ₹25,900 crore in FY24 — up 26 per cent over FY23 which led to increase the profitability of the issuer.
Interest coverage ratio
Recent News
TVS Credit aims 25% loan growth this fiscal
Apr 15, 2024 | TVS Credit Services Limited
TVS Credit Services Q3 net up 47% on robust credit demand
Apr 15, 2024 | TVS Credit Services Limited
TVS Credit Services Q1FY25 results: Net profit rises 20% to Rs 140.43 cr
Aug 22, 2024 | TVS Credit Services Limited
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STEPS TO BUY THIS BOND
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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.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE729N08105 |
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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 |
|---|
| 9.30% TVS Credit Services Limited 27 Jun 2029 |
| Credit Rating |
|---|
| AA + (Positive) by ICRA |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,00,00,000 |
| Coupon |
|---|
| 9.300000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 27/06/2029 |
| 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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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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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.
