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9.25% Indore Municipal Corporation - AA Rated (INE00QS07014)
ActivePSUSecured
Instrument Details
ISIN: INE00QS07014
Face value
₹10,00,000
Coupon rate
9.25%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
139.9
Instrument Type
Bond
Returns
High
Date of Issue
29 Jun 2018
Maturity Date
29 Jun 2028
Perpetual
Yes
Listing Status
Listed
Rating status
AA+ (INDIA Ratings)
Call Option
Available
Put Option
Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
INDORE MUNICIPAL CORPORATION SR-I 9.25 BD 29JU28 FVRS10LAC
Indore Municipal Corporation, a Utilities company, has floated Bond,
having ISIN value as INE00QS07014, with a face value of ₹10,00,000 rs on 29Jun18 to raise 139.9 crores. The debt instrument
is issued with a coupon rate of 9.25% 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 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SEIRES I. DATE OF MAUTRITY 29/06/2028. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Face Value option. The Bond is listed on NSE stock
exchange on 05Jul18. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to
this Bond on 30Jun23. 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
29-Jun-18 : Your investment
₹46,25,000
29-Dec-18 : Interest
₹46,25,000
29-Jun-19 : Interest
₹46,25,000
29-Dec-19 : Interest
₹46,25,000
29-Jun-20 : Interest
₹46,25,000
29-Dec-20 : Interest
₹46,25,000
29-Jun-21 : Interest
₹46,25,000
29-Dec-21 : Interest
₹46,25,000
29-Jun-22 : Interest
₹46,25,000
29-Dec-22 : Interest
₹46,25,000
29-Jun-23 : Interest
₹46,25,000
29-Dec-23 : Interest
₹46,25,000
29-Jun-24 : Interest
₹46,25,000
29-Dec-24 : Interest
₹46,25,000
29-Jun-25 : Interest
₹46,25,000
29-Dec-25 : Interest
₹46,25,000
29-Jun-26 : Interest
₹46,25,000
29-Dec-26 : Interest
₹46,25,000
29-Jun-27 : Interest
₹46,25,000
29-Dec-27 : Interest
₹46,25,000
29-Jun-28 : Interest
₹19,25,00,000
29-Jun-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,25,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
9.25%
Returns
High
Bond Rating
AA+
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Utilities
HEAD OFFICE
Indore
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of Indore Municipal Corporation
FAQs about INE00QS07014 issued by Indore Municipal Corporation
What is the instrument name of INE00QS07014 ISIN?
The instrument name of INE00QS07014 ISIN is INDORE MUNICIPAL CORPORATION SR-I 9.25 BD 29JU28 FVRS10LAC.
How frequently is the interest paid on INE00QS07014 bond issued by Indore Municipal Corporation?
The interest earned from INE00QS07014 bond issued by Indore Municipal Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE00QS07014 bond issued by Indore Municipal Corporation?
This INE00QS07014 bond issued by Indore Municipal Corporation has been assigned a credit rating of AA+ by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE00QS07014 bond issued by Indore Municipal Corporation?
This Bond offers a coupon rate of 9.25%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE00QS07014 Bond?
The INE00QS07014 Bond is issued by Indore Municipal Corporation, 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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