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8.75% Himachal Pradesh State Electricity Board Limited - A Rated (INE220H09063)
In-activePSUUnsecured
Instrument Details
ISIN: INE220H09063
Face value
₹7,00,000
Coupon rate
8.75%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
179.97
Instrument Type
Bond
Returns
High
Date of Issue
26 Jun 2013
Maturity Date
26 Jun 2023
Perpetual
Yes
Listing Status
Unlisted
Rating status
A(CE) (BRICKWORK Ratings)
Call Option
Available
Put Option
Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
HIMACHAL PRADESH STATE ELECTRICITY BOARD LIMITED 8.75 LOA 26JU23 FVRS700000
Himachal Pradesh State Electricity Board Limited, a Electric Utilities company, has floated Bond,
having ISIN value as INE220H09063, with a face value of ₹7,00,000 rs on 26Jun13 to raise 179.97 crores. The debt instrument
is issued with a coupon rate of 8.75% 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 Unsecured
Bond is 8.75% UNSECURED NON CONVERTIBLE NON SLR BOND IN FORM OF PROMISSORY NOTES. FINAL DATE OF REDEMPTION 26/06/2023. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. BRICKWORK RATINGS INDIA PRIVATE LIMITED has given A(CE) rating to
this Bond on 29Jul13. This issuer is formerly known as HIMACHAL PRADESH STATE ELECTRICITY BOARD Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹7,00,000
Lot Size
100
Minimum Investment
₹7,00,00,000
Cashflow
₹7,00,00,000
26-Jun-13 : Your investment
₹30,62,500
26-Dec-13 : Interest
₹30,62,500
26-Jun-14 : Interest
₹30,62,500
26-Dec-14 : Interest
₹30,62,500
26-Jun-15 : Interest
₹30,62,500
26-Dec-15 : Interest
₹30,62,500
26-Jun-16 : Interest
₹30,62,500
26-Dec-16 : Interest
₹30,62,500
26-Jun-17 : Interest
₹30,62,500
26-Dec-17 : Interest
₹30,62,500
26-Jun-18 : Interest
₹30,62,500
26-Dec-18 : Interest
₹30,62,500
26-Jun-19 : Interest
₹30,62,500
26-Dec-19 : Interest
₹30,62,500
26-Jun-20 : Interest
₹30,62,500
26-Dec-20 : Interest
₹30,62,500
26-Jun-21 : Interest
₹30,62,500
26-Dec-21 : Interest
₹30,62,500
26-Jun-22 : Interest
₹30,62,500
26-Dec-22 : Interest
₹30,62,500
26-Jun-23 : Interest
₹13,12,50,000
26-Jun-23 : Maturity amount (Investment: ₹7,00,00,000, Interest earned: ₹6,12,50,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.75%
Returns
High
Bond Rating
A(CE)
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Electric Utilities
HEAD OFFICE
Shimla
SECTOR
Power
ISSUER OWNERSHIP
PSU
Other Bonds of Himachal Pradesh State Electricity Board Limited
FAQs about INE220H09063 issued by Himachal Pradesh State Electricity Board Limited
What is the instrument name of INE220H09063 ISIN?
The instrument name of INE220H09063 ISIN is HIMACHAL PRADESH STATE ELECTRICITY BOARD LIMITED 8.75 LOA 26JU23 FVRS700000.
How frequently is the interest paid on INE220H09063 bond issued by Himachal Pradesh State Electricity Board Limited?
The interest earned from INE220H09063 bond issued by Himachal Pradesh State Electricity Board Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE220H09063 bond issued by Himachal Pradesh State Electricity Board Limited?
This INE220H09063 bond issued by Himachal Pradesh State Electricity Board Limited has been assigned a credit rating of A(CE) by BRICKWORK RATINGS INDIA PRIVATE LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE220H09063 bond issued by Himachal Pradesh State Electricity Board Limited?
This Bond offers a coupon rate of 8.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE220H09063 Bond?
The INE220H09063 Bond is issued by Himachal Pradesh State Electricity Board Limited, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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