8.10% Ghaziabad Nagar Nigam - AA Rated (INE0GVF24022)

Ghaziabad Nagar Nigam, a Multi Utilities company, has floated Bond, having ISIN value as INE0GVF24022, with a face value of ₹1,42,900 rs on 06Apr21 to raise 21.435 crores. The debt instrument is issued with a coupon rate of 8.10% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Bond is 8.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE GREEN BONDS IN THE NATURE OF DEBENTURES. STRPP B. DATE OF MATURITY 06/04/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 06Apr21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.