Klm Axiva Finvest Limited
ACTIVE
ISIN: INE01I507851
Issuer Details
Issuer Name
KLM AXIVA FINVEST LIMITED
Type of Issuer
Non PSU
Sector
Financial Services
Coupon Rate
9.75%
Industry
Finance
Issuer nature
Other
Corporate Identity Number (CIN)
U65910TG1997PLC026983
Name of the Lead Manager
VIVRO FINANCIAL SERVICES PVT...
Registrar
KFIN TECHNOLOGIES PRIVATE LI...
Name of Debenture Trustee
Vistra ITCL (India) Limited
Instrument Details
Instrument name as on NSDL
9.75% SECURED RATED LISTED R...
Face Value (in ₹)
1000
Total Issue size( in ₹ Cr.)
6.4651
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
12-09-2023
Redemption Date
11-09-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
Senior
Security Measures
Asset Coverage
Principal + Interest
Asset Percentage
100%
Details of Asset Cover
First ranking paripassu charge with existing secured creditors on all movable assets including book debts and receivanbles, cash and bank balances, other movable assets, loans and advances, both present and future of the Company
Asset Type
Details of the security
Book Debts / Receivables
First ranking paripassu charge with existing secured creditors on all movable assets including book debts and receivanbles, cash and bank balances, other movable assets, loans and advances, both present and future of the Company
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About Klm Axiva Finvest Limited bond with ISIN: INE01I507851
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 INE01I507851, represents a significant financial instrument. Issued by KLM AXIVA FINVEST LIMITED, it comes with the following description: "9.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES LETTER OF ALLOTMENT SERIES IX OPTION V DATE OF MATURITY 11/09/2025". 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, KLM AXIVA FINVEST 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) U65910TG1997PLC026983 further bolster its credibility. With a coupon rate of 9.75, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of Vistra ITCL (India) Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 6.4651. It was allotted on 9/12/2023 and is scheduled for redemption on 9/11/2025. 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 BBB- as provided by INDIA RATING AND RESEARCH PVT. LTD. In the market, ratings typically range from D to AAA, and a rating of BBB- 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: First ranking paripassu charge with existing secured creditors on all movable assets including book debts and receivanbles, cash and bank balances, other movable assets, loans and advances, both present and future of the Company – 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, INDIA RATING AND RESEARCH PVT. LTD_19-07-2024. 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 INE01I507489 having a coupon rate of 11.25% and the bond with ISIN INE01I508032 having a coupon rate of 11.75% and the bond with ISIN INE01I507703 having a coupon rate of 10.75% and the bond with ISIN INE01I507190 having a coupon rate of N.A.. 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.