Iifl Samasta Finance Limited

About Iifl Samasta Finance Limited bond with ISIN: INE413U07293

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE413U07293, represents a significant financial instrument. Issued by IIFL SAMASTA FINANCE LIMITED, it comes with the following description: "10% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT SERIES IV TRANCHE II DATE OF MATURITY 21/06/2027.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, IIFL SAMASTA FINANCE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U65191KA1995PLC057884 further bolster its credibility. With a coupon rate of 10, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 14.7247. It was allotted on 6/21/2024 and is scheduled for redemption on 6/21/2027. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AA- as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AA- is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: Exclusive charge by way of hypothecation over book debts of the Company such that a security cover of at least 1.05 times of the outstanding principal amounts of the NCDs and all interest due and payable thereon is maintained at all times until the Maturity Date – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, CRISIL RATINGS LIMITED_30-09-2024, Acuite Ratings And Research Limited_30-10-2024, Acuite Ratings And Research Limited_-, Acuite Ratings And Research Limited_12-03-2024, CRISIL RATINGS LIMITED_-. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE413U07269 having a coupon rate of 10.03% and the bond with ISIN INE413U07285 having a coupon rate of 9.2% and the bond with ISIN INE413U07210 having a coupon rate of 10% and the bond with ISIN INE413U08085 having a coupon rate of 10.75%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.