Security Name: 9.90% Fedbank Financial Services Limited 30 Sep 2027
ISIN:
INE007N08015
Taxable
Tax Category
30 Sep, 2027
Maturity Date
(2 Yr 8 Mo 13 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
30 Sep, 2020
Allotment Date
NA
Put Date
30 Sep, 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
9.9%
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)
YOUR RISK
Repayment Priority
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Security with Collateral?
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ISSUER
Fedbank Financial Services Limited
Fedbank Financial Services Limited is registered with the RBI as a systemically important non-deposit taking NBFC. It was incorporated in 1995 and received the license to operate as an NBFC in 2010. The company provides gold loans, LAP, business loans, personal loans, housing loans, loans to NBFCs and construction finance, it had a presence in 12 states/UTs with a network of 301 gold branches, 59 SME finance hubs and 2,130 employees.
The ratio in FY24 is 7.41x and it was 9.08x in FY23, indicating decrease in debt levels due to increase in the company's net interest income (NII) increased by 27.0% YoY during the fiscal. Consequently, net interest margins (NIM) witnessed a growth and stood at 100.5% in FY24 as against 95.0% in FY23.
Debt/EBITDA
The ratio in FY24 1.48s x and it was 1.51x in FY23, indicating decreased debt servicing ability, due to increase in Interest on borrowings (other than debt securities) which led to overall increase in finance cost.
Interest coverage ratio
Recent News
Fedbank Financial is changing gears after crossing ₹10,000 crore in assets
Mar 27, 2024 | Fedbank Financial Services Limited
Spherule Foundation and Fedbank Financial Services Ltd. Join Forces for a Groundbreaking CSR Initiative, 'Umeed'
Aug 30, 2024 | Fedbank Financial Services Limited
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PAN Card
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Demat Account Proof
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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 INE007N08015 |
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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 |
|---|
| 9.90% Fedbank Financial Services Limited 30 Sep 2027 |
| Credit Rating |
|---|
| AA + /Stable by IND |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹10,00,000 |
| Coupon |
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| 9.900000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 30/09/2027 |
| 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 |
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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.
