Shriram Housing Finance Limited

About Shriram Housing Finance Limited bond with ISIN: INE432R07315

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 INE432R07315, represents a significant financial instrument. Issued by SHRIRAM HOUSING FINANCE LIMITED, it comes with the following description: "6 MONTH KOTAK BANK MCLR LINKED SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES XXII. DATE OF MATURITY 09/08/2026.". 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, SHRIRAM HOUSING 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) U65929TN2010PLC078004 further bolster its credibility. With a coupon rate of 6 months Kotak Bank MCLR, this instrument has been meticulously managed with the assistance of Integrated Enterprises (India) Ltd., Chennai and under the oversight of Beacon Trusteeship Ltd, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 500000 with an issue size of 58. It was allotted on 8/10/2022 and is scheduled for redemption on 8/9/2026. 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 CARE 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: The debentures are secured by list of exclusive charge on the standard receivables 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, CARE RATINGS LIMITED_01-08-2024, CARE RATINGS LIMITED_23-05-2024, CARE RATINGS LIMITED_07-05-2024, CARE RATINGS LIMITED_19-03-2024, CARE RATINGS LIMITED_30-10-2023, CARE RATINGS LIMITED_06-10-2023, CARE RATINGS LIMITED_31-05-2023, CARE RATINGS LIMITED_05-05-2023, CARE RATINGS LIMITED_15-03-2023, CARE RATINGS LIMITED_22-02-2023, CARE RATINGS LIMITED_21-12-2022, CARE RATINGS LIMITED_24-11-2022. 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 INE432R08057 having a coupon rate of 9.1% and the bond with ISIN INE432R07364 having a coupon rate of 8.95% and the bond with ISIN INE432R07414 having a coupon rate of 9.25% and the bond with ISIN INE432R07406 having a coupon rate of 9.25%. 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.