10.75% FINCARE SMALL FINANCE BANK LIMITED 2028

Information Memorandum (I.M.)
Term Sheet
INE519Q08160
*(Eligible Investors - Individual,HUF,Corporate,Trust,Minor ) High Return bond

Bond's Rating

Rating Agency Rating Remarks Rating Rationale
ICRA A Positive - -

Issuer's Type

Private Bank

About Issuer :

The genesis of Fincare Small Finance Bank was the coming together of 2 NBFC Micro Finance Institutions, Future Financial Services and Disha Microfin. In May 2017, Disha Microfin received the final license from the RBI under section 22 of the Banking Regulation Act, 1949, to launch Banking operations. The Bank commenced banking operations on 21st July 2017, with a vision to enable the financial inclusion of the unbanked and underbanked customer segments, including microentrepreneurs and microenterprises and mass with the active participation of the affluent.

Issuer's Link

https://fincarebank.com/

Issuer's Financial Link

https://www.fincarebank.com/investors-relations

A Quick Highlight. Face Value (In INR) and Issue Size (In INR Crores)

Face Value

1,00,000.00

Coupon Rate

10.7500% (Fix)

Issue Date

15/Jun/2023

Maturity Date

15/Dec/2028

Remaining Period

5y 2m 11d

Tax Free

No

Interest Payment Type

Simple

Interest Frequency

Monthly

Issue Size (in Crores)

49.00

Max. Available Quantity

30

TDS on Interest

Yes

Call Option

N.A.

Put Option

N.A.

Govt. Guarantee

No

Security

Unsecured

Name of Debenture Trustee

Catalyst Trusteeship Limited

Remarks

Please Consider The Risk Before Investing.