TVS Credit Services Bonds, 11.5% perp., INR (FIGI BBG00LC736Y0, INE729N08014)
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Domestic bonds, Perpetual, Variable rate, Subordinated Unsecured
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Issuer
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Brickwork Ratings
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CRISIL
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ICRA
Redemption (put/call option)
The TVS Credit Services bond INE729N08014 is a INR-denominated Subordinated Unsecured perpetual debt security. The bond has the following coupon terms: Step-up/Step-down coupon type with an initial rate of 11.5%; with interest paid 1 time a year to holders. The bond has been rated by 3 credit rating agencies. The bond currently holds the status "outstanding" and reflects a country of risk of India. Key parameters of the issue include a face value of 500,000 INR, a placement amount of 1,000,000,000 INR and an outstanding amount of 1,000,000,000 INR, which together indicate how much of the debt remains in circulation. The issue carries embedded call options detailed in the redemption schedule. In essence, this means that the issuer may redeem it early on set dates. Detailed information about the security can also be found in the prospectus. For reference and reconciliation, the bond is identified by ISIN - INE729N08014, FIGI - BBG00LC736Y0, CFI - DBFUQN, Ticker - TBSCRS 11.5 PERP.