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Hero Fincorp Limited 9.81% 2028 Bond

ISININE957N08045

HERO FINCORP LIMITED SERIES 030 9.81 NCD 24NV28 FVRS10LAC

Hero Fincorp Limited is a corporate (non-PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 35 of its bonds.

Key terms

Issue date
6 Dec 2018
Interest basis
Simple
Instrument
Debentures
Mode of issue
Private Placement
Series
SERIES 030
Sector
Non-Banking Financial Company (NBFC)
Issuer type
Corporate

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

ICRA AA+ / StableCRISIL AA+ / Stable

AA+most conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AA-grade bonds are judged to have a very strong capacity to repay, only marginally weaker than AAA. They are considered high safety, with low sensitivity to adverse business or economic conditions. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ICRA AA+/Stable;CRISIL AA+/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 9.76% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 24 Nov 2028; final payment ₹10,98,100 per bond.

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