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6.85% Mahanagar Telephone Nigam Limited. - AAA Rated (INE153A08097)
ActivePSUUnsecured
Instrument Details
ISIN: INE153A08097
Face value
₹10,00,000
Coupon rate
6.85%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
2138.6
Instrument Type
Bond
Returns
Medium
Date of Issue
21 Dec 2020
Maturity Date
20 Dec 2030
Perpetual
Yes
Listing Status
Listed
Rating status
AAA(CE) (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
MAHANAGAR TELEPHONE NIGAM LIMITED. SR VI-2020 6.85 LOA 20DC30 FVRS10LAC
Mahanagar Telephone Nigam Limited., a Telecom - Cellular & Fixed line services company, has floated Bond,
having ISIN value as INE153A08097, with a face value of ₹10,00,000 rs on 21Dec20 to raise 2138.6 crores. The debt instrument
is issued with a coupon rate of 6.85% 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 6.85% UNSECURED RATED LISTED GOVERMENT OF INDIA GURANTEED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES VI/2020. LETTER OF ALLOTMENT. DATE OF MATURITY 20/12/2030.. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on BSE stock
exchange on 22Dec20. CRISIL RATINGS LIMITED has given AAA(CE) rating to
this Bond on 26Nov20. 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
21-Dec-20 : Your investment
₹34,25,000
21-Jun-21 : Interest
₹34,25,000
21-Dec-21 : Interest
₹34,25,000
21-Jun-22 : Interest
₹34,25,000
21-Dec-22 : Interest
₹34,25,000
21-Jun-23 : Interest
₹34,25,000
21-Dec-23 : Interest
₹34,25,000
21-Jun-24 : Interest
₹34,25,000
21-Dec-24 : Interest
₹34,25,000
21-Jun-25 : Interest
₹34,25,000
21-Dec-25 : Interest
₹34,25,000
21-Jun-26 : Interest
₹34,25,000
21-Dec-26 : Interest
₹34,25,000
21-Jun-27 : Interest
₹34,25,000
21-Dec-27 : Interest
₹34,25,000
21-Jun-28 : Interest
₹34,25,000
21-Dec-28 : Interest
₹34,25,000
21-Jun-29 : Interest
₹34,25,000
21-Dec-29 : Interest
₹34,25,000
21-Jun-30 : Interest
₹26,82,916
20-Dec-30 : Interest
₹16,77,57,916
20-Dec-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,77,57,916)
Summary
Instrument Attributes
Value
Coupon Rate
6.85%
Returns
Medium
Bond Rating
AAA(CE)
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Telecom - Cellular & Fixed line services
HEAD OFFICE
New Delhi
SECTOR
Telecommunication
ISSUER OWNERSHIP
PSU
Other Bonds of Mahanagar Telephone Nigam Limited.
FAQs about INE153A08097 issued by Mahanagar Telephone Nigam Limited.
What is the instrument name of INE153A08097 ISIN?
The instrument name of INE153A08097 ISIN is MAHANAGAR TELEPHONE NIGAM LIMITED. SR VI-2020 6.85 LOA 20DC30 FVRS10LAC.
How frequently is the interest paid on INE153A08097 bond issued by Mahanagar Telephone Nigam Limited.?
The interest earned from INE153A08097 bond issued by Mahanagar Telephone Nigam Limited. is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE153A08097 bond issued by Mahanagar Telephone Nigam Limited.?
This INE153A08097 bond issued by Mahanagar Telephone Nigam Limited. has been assigned a credit rating of AAA(CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE153A08097 bond issued by Mahanagar Telephone Nigam Limited.?
This Bond offers a coupon rate of 6.85%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE153A08097 Bond?
The INE153A08097 Bond is issued by Mahanagar Telephone Nigam 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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