Non-Convertible Debentures (NCDs) issued by Cholamandalam Investment & Finance Company (CIFCL)

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Perpetual Non-Convertible Debentures (NCDs) issued by Cholamandalam Investment & Finance Company (CIFCL). These bonds carry an attractive coupon rate of 12.95% p.a. and have been rated AA- (Stable) by ICRA. The bonds are currently available at a yield (YTM) of 12.50%. Please find the related details below:

 

Bond Details:

 

Particulars

Details

Instrument Perpetual NCDs (Tier 1)
Credit Rating AA- (Stable) by ICRA
Face Value Rs.5,00,000 per debenture
Tenure/Maturity Perpetual
Coupon/Interest Rate 12.95% p.a.
Interest Payment Frequency Annual
Put Option None
Call Option After 10 Years
Step Up Option If call option is not exercised, the coupon rate shall be stepped up to 13.95% p.a.
Instrument Form Dematerialised
Listing WDM segment of NSE

 

Company Profile:

 

Cholamandalam Investment & Finance Company Limited (CIFCL) was incorporated in 1978 as the financial services arm of the Murugappa Group. The Company that commenced business as an equipment financing company has now emerged as a comprehensive financial services solution provider that offers vehicle finance, business finance, home equity loans, stock broking and distribution of financial products to its customers. The Company operates from over 200 branches across India with an assets under management over Rs.9000 Crores. The subsidiaries of Cholamandalam include Cholamandalam Securities Limited (CSec) and Cholamandalam Distribution Limited (CDSL).

 

Financial Highlights:

                                                                                                    (Rs. Lakh)

Particulars

2009

2010

2011

Apr – Dec 2011

Total Income

112,063

92,950

120,183

124,400

Profit after Tax

4,275

1,542

6,218

11,868

Total Assets

693,683

691,077

968,222

N,A.

 

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