AFL-9.65%-27-12-28-NCDAFL-9.65%-27-12-28-NCDAFL-9.65%-27-12-28-NCD

AFL-9.65%-27-12-28-NCD

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Overview
Analysis

Key terms


Outstanding amount
‪3.00 B‬INR
Face value
1,000.00INR
Minimum denomination
10,000.00INR
Coupon
9.65% (Fixed)
Coupon frequency
Quarterly
Yield to maturity
9.14%
Maturity date
Dec 27, 2028
Term to maturity
4 years

About AFL-9.65%-27-12-28-NCD


Issuer
Arka Fincap Ltd.
Sector
Finance
Industry
Financial Conglomerates
Issue date
Dec 27, 2023
ISIN
INE03W107256
FIGI
BBG01KFY1GD2
Arka Fincap Limited is a customer-focussed, digitally enabled, systemically important Non-Banking Finance Company (NBFC). We provide secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates. An RBI-licensed company, Arka was founded in 2018. We pride ourselves in offering innovative financing solutions that enable our customer’s businesses by providing them with growth capital. Arka has served diverse industries and segments like restaurants, retailers, designers, cement, warehouses, logistics, automobile, and chemical among others. Crisil has assigned Arka a rating of AA (-) for the long-term borrowings and A1 (+) for the short-term borrowings. Arka is currently present in 14 cities across West, South and North regions in India and has 140+ employees across all branches. Arka is a subsidiary of Kirloskar Oil Engines Limited (KOEL).
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