Security Name: 9.65% Tourism Finance Corporation Of India Limited 25 Feb 2033
ISIN:
INE305A09208
Taxable
Tax Category
25 Feb, 2033
Maturity Date
(8 Yr 2 Mo 3 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
25 Feb, 2013
Allotment Date
NA
Put Date
01 Jan, 2026
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
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.65%
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)
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Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
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ISSUER
Tourism Finance Corporation Of India Limited
TFCI was promoted by IFCI Ltd along with other financial institutions and banks in January 1989. It was established to cater to the needs of the tourism industry and to ensure priority funding of tourism-related projects. TFCI provides financial assistance to the tourism-related projects, such as hotels, resorts, restaurants, amusement parks, etc., primarily in the form of long-term loans as well as by investing in the debentures, equity, preference shares, etc., of such companies.
The ratio in FY24 is 4.54x and it was 4.95x in FY23. It indicates that the company’s debt as well as borrowing has decreased and there is an increase in profitability.
Debt/EBITDA
The ratio in FY24 is 2.14x and it was 2.21x in FY23, indicating slight decrease in the debt servicing ability of the issuer due to increase in Interest on borrowings which led to overall increase in the finance cost in FY24.
Interest coverage ratio
Recent News
Tourism Finance shares hit 5% upper circuit on board nod to raise ₹200 crore via preferential issue
Mar 26, 2024 | Tourism Finance Corporation Of India Limited
Anoop Bali, Whole Time Director of Tourism Finance Corporation of India Ltd, honoured
Mar 26, 2024 | Tourism Finance Corporation Of India Limited
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Total Investment
| Cashflow for INE305A09208 |
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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 |
|---|
| 9.65% Tourism Finance Corporation Of India Limited 25 Feb 2033 |
| Credit Rating |
|---|
| A Stable by CARE A+ /Stable by BWR |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
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| 9.650000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 25/02/2033 |
| Security |
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| Senior Unsecured |
| 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 |
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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.
