Security Name: 9.85% Nuvama Wealth Finance Limited 09 Aug 2027
ISIN:
INE918K07PJ0
Taxable
Tax Category
09 Aug, 2027
Maturity Date
(2 Yr 5 Mo 13 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
08 Aug, 2024
Allotment Date
10/08/2026
Put Date
08 Aug, 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
9.85%
Coupon
Fixed Interest
Coupon Basis
9.7370%
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
Nuvama Wealth Finance Limited
Nuvama Wealth Finance Limited was originally incorporated as a Private Limited company under the name and style of Crossborder Investments Private Limited on October 27, 1994 in the State of Maharashtra. The name of the Company was changed to “Edelweiss Finance & Investments Private Limited” with effect from July 24, 2009. With effect from August 20, 2009, the status of the Company changed from private limited company to public limited company and the name changed to Edelweiss Finance & Investments Limited.The name of the Company was changed to “Nuvama Wealth Finance Limited” with effect from September 19, 2022.
The ratio in FY24 is 8.19x and it was 8.63x in FY23, indicating decrease in debt level due to significant increase in profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.42x and it was 1.44x in FY23, indicating a slight decrease in debt servicing ability of the issuer due to the increase in Interest on borrowings and- Interest on market linked debentures which resulted in overall increase in finance cost .
Interest coverage ratio
Recent News
Nuvama Group Onboards New Group CFO
Aug 23, 2024 | Nuvama Wealth Finance Limited
Edelweiss founders divest stake in Nuvama Wealth Management after demerger
May 30, 2024 | Nuvama Wealth Finance Limited
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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)
Principal Amount
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
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Total Investment
| Cashflow for INE918K07PJ0 |
|---|
| 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 |
|---|
| 9.85% Nuvama Wealth Finance Limited 09 Aug 2027 |
| Credit Rating |
|---|
| AA- / Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.850000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 09/08/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,01,160.5 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,01,160.5 |
| Price |
|---|
| ₹101.1605 |
| 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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