Security Name: 9.60% Arka Fincap Limited 24 Nov 2034
ISIN:
INE03W108031
Taxable
Tax Category
24 Nov, 2034
Maturity Date
(9 Yr 8 Mo 29 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
26 Nov, 2024
Allotment Date
NA
Put Date
26 Nov, 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
₹NaN
Dirty Price
9.6%
Coupon
Fixed Interest
Coupon Basis
9.5050%
Current Yield
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
Arka Fincap Limited
Arka was founded in 2018, is a customer-focused, digitally enabled systemically important NBFC. They provide secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates.
The ratio in FY24 is 8.85x and it was 10.79x in FY23, indicating decrease in debt levels, due to increase in the profitability in FY24.
Debt/EBITDA
The ratio in FY24 is 1.30x and it was 1.42x in FY23, indicating slight decrease in the debt servicing ability of the issuer due to increase in Interest expense on borrowings which led to overall increase in finance cost in FY24.
Interest coverage ratio
Recent News
Arka Fincap signs co-lending partnership with Central Bank of India for MSME loans
Jun 20, 2024 | Arka Fincap Limited
Arka Fincap Ventures into Insurance Market
Jul 26, 2024 | Arka Fincap Limited
Arka Fincap launches loan service ‘Uday’ to serve MSMEs in smaller cities
Oct 08, 2024 | Arka Fincap Limited
Related Videos
Seniority Ranking
Demystifying the hierarchy that determines who gets paid first in the event of a default
Bonds Market Risks
Balancing Act: Understanding and Mitigating Risks in Bond Investing
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.
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE03W108031 |
|---|
| 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 |
|---|
| 9.60% Arka Fincap Limited 24 Nov 2034 |
| Credit Rating |
|---|
| AA / Stable by ACUITE AA / Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.600000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 24/11/2034 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,01,000 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,01,000 |
| Price |
|---|
| ₹101 |
| 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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