CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD Coupon 9.45% | NBFC Retail Bond

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Returns (YTC)

N/A

Min. Investment

N/A

Remaining Tenure

8Y 10M 10Days

Payment Terms

Yearly

Highlights

Credit Rating

ICRA AA/STABLE

Seniority

SUBORDINATE

Security

Unsecured

Default History

Zero

About Issuer

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD

Cholamandalam Investment and Finance Company Limited (Chola) was incorporated in 1978 as the financial services arm of the Indian conglomerate Murugappa Group. The current Chairman is Mr. M. B. N. Rao. The Murugappa Group was founded in 1900. The group owns several businesses in areas such as Bicycles, General Insurance, Fertilizers, Abrasives, Automotive chains, Car Door Frames among others.

Chola offers financial services such as:

Vehicle Finance
Home Loans
Home Equity Loans
SME Loans
Investment Advisory
Stock Broking

Subsidiaries of Chola include:

Cholamandalam Securities Limited (CSEC)
Cholamandalam Distribution Services Limited (CDSL)
White Data Systems India Private Limited (WDSI)

Number of Branches: 858 across India

Customer Base: 8, 00,000+

Headquarters: Chennai, India

Number of Employees: 32,000

Total Assets: Rs 30,721 Cr* (as of March, 2017)

Total Annual Revenue

FY 18-5,425 Cr

Year of Inception

1978

Industry

NBFC Retail

Head Office

Chennai

Type of Issuer

Corporate

Current MD/CEO

N Srinivasan

Credit Rating / Outlook

AA STABLE

ICRA

AA STABLE

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD

Security Name

ISIN

Copy

INE121A08PB7

Face Value

₹ 5,00,000

Coupon Rate

9.45%

Coupon Type

FIXED

Payment Terms

Yearly

Call Date

1-Mar-2033

Maturity Date

1-Mar-2033

Clean Price

₹ 101.33

Dirty Price

Current Yield

Yield to Call

9.2162%

Mode of Issue

Private Placement

Date of Issue

28-Feb-2023

Listed

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Yes

Trustee Details

Registrar Details

Looking For More Information ?

Request Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

Similar Bonds

Bonds by Same Issuer

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED

Min Investment

₹ 5,39,660.25

Returns

7.68%

Payout

Yearly

Credit Rating

AA+/ICRA

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED

Min Investment

₹ 5,46,179.73

Returns

8.55%

Payout

Yearly

Credit Rating

AA+/ICRA

FAQs about CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bonds

How to buy this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond online?

You can invest in bonds online in under 5 minutes. To buy CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond?

0% is the current yield of this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to call (YTC) of this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond is 0%, which indicates the total expected return if the bond is held till the call date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to call.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond?

To redeem this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon call, the bond units held in your demat account will be automatically debited on the call date, and if the call date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond is generally simple and straightforward. Contact our support team for more information.

Is this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond tax-free?

No, this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond before the call date?

Yes, it is possible to sell this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond online?

What is the yield of this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond?

Is it safe to invest in bonds?

How to redeem this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond?

Is this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond tax-free?

Can I sell this CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD bond before the call date?

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