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7.07% National Bank For Agriculture And Rural Development - AAA Rated (INE261F07016)
ActivePSUSecured
Instrument Details
ISIN: INE261F07016
Face value
₹10,00,000
Coupon rate
7.07%
Payment
Annually
Tax Type
Tax-Free
Issue Size (Cr)
1500
Instrument Type
Bond
Returns
Medium
Date of Issue
25 Feb 2016
Maturity Date
25 Feb 2026
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (INDIA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-1A 7.07 BD 25FB26 FVRS10LAC
National Bank For Agriculture And Rural Development, a Financial Institution company, has floated Bond,
having ISIN value as INE261F07016, with a face value of ₹10,00,000 rs on 25Feb16 to raise 1500 crores. The debt instrument
is issued with a coupon rate of 7.07% and its interest is paid
Annually. The returns are Tax-Free Under Section 10(15)(iv)(h).
As per the filings, the long description of this Secured
Bond is 7.07% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 1A. DATE OF MATURITY 25/02/2026. 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 11Mar16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Bond on 15Jul05. 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
25-Feb-16 : Your investment
₹70,70,000
25-Feb-17 : Interest
₹70,70,000
25-Feb-18 : Interest
₹70,70,000
25-Feb-19 : Interest
₹70,70,000
25-Feb-20 : Interest
₹70,70,000
25-Feb-21 : Interest
₹70,70,000
25-Feb-22 : Interest
₹70,70,000
25-Feb-23 : Interest
₹70,70,000
25-Feb-24 : Interest
₹70,70,000
25-Feb-25 : Interest
₹70,70,000
25-Feb-26 : Interest
₹17,07,00,000
25-Feb-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,07,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.07%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Financial Institution
HEAD OFFICE
Mumbai
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of National Bank For Agriculture And Rural Development
FAQs about INE261F07016 issued by National Bank For Agriculture And Rural Development
What is the instrument name of INE261F07016 ISIN?
The instrument name of INE261F07016 ISIN is NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-1A 7.07 BD 25FB26 FVRS10LAC.
How frequently is the interest paid on INE261F07016 bond issued by National Bank For Agriculture And Rural Development?
The interest earned from INE261F07016 bond issued by National Bank For Agriculture And Rural Development is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE261F07016 bond issued by National Bank For Agriculture And Rural Development?
This INE261F07016 bond issued by National Bank For Agriculture And Rural Development has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE261F07016 bond issued by National Bank For Agriculture And Rural Development?
This Bond offers a coupon rate of 7.07%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE261F07016 Bond?
The INE261F07016 Bond is issued by National Bank For Agriculture And Rural Development, 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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