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6.85% National Bank For Agriculture And Rural Development - AAA Rated (INE261F08DL5)
ActivePSUUnsecured
Instrument Details
ISIN: INE261F08DL5
Face value
₹10,00,000
Coupon rate
6.85%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
1000
Instrument Type
Bond
Returns
Medium
Date of Issue
15 Dec 2021
Maturity Date
14 Apr 2032
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (INDIA 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
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 22E 6.85 LOA 14AP32 FVRS10LAC
National Bank For Agriculture And Rural Development, a Financial Institution company, has floated Bond,
having ISIN value as INE261F08DL5, with a face value of ₹10,00,000 rs on 15Dec21 to raise 1000 crores. The debt instrument
is issued with a coupon rate of 6.85% and its interest is paid
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 NON CONVERTIBLE TAXABLE BOND. SERIES 22E. LETTER OF ALLOTMENT. DATE OF MATURITY 14/04/2032.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 17Dec21. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Bond on 13Jan23. 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
15-Dec-21 : Your investment
₹68,50,000
15-Dec-22 : Interest
₹68,50,000
15-Dec-23 : Interest
₹68,50,000
15-Dec-24 : Interest
₹68,50,000
15-Dec-25 : Interest
₹68,50,000
15-Dec-26 : Interest
₹68,50,000
15-Dec-27 : Interest
₹68,50,000
15-Dec-28 : Interest
₹68,50,000
15-Dec-29 : Interest
₹68,50,000
15-Dec-30 : Interest
₹68,50,000
15-Dec-31 : Interest
₹16,85,00,000
14-Apr-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,85,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
6.85%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
None
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 INE261F08DL5 issued by National Bank For Agriculture And Rural Development
What is the instrument name of INE261F08DL5 ISIN?
The instrument name of INE261F08DL5 ISIN is NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 22E 6.85 LOA 14AP32 FVRS10LAC.
How frequently is the interest paid on INE261F08DL5 bond issued by National Bank For Agriculture And Rural Development?
The interest earned from INE261F08DL5 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 INE261F08DL5 bond issued by National Bank For Agriculture And Rural Development?
This INE261F08DL5 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 INE261F08DL5 bond issued by National Bank For Agriculture And Rural Development?
This Bond offers a coupon rate of 6.85%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE261F08DL5 Bond?
The INE261F08DL5 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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