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8.37% Rural Electrification Corporation Limited - AAA Rated (INE020B08BH6)
ActivePSUUnsecured
Instrument Details
ISIN: INE020B08BH6
Face value
₹10,00,000
Coupon rate
8.37%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
2554
Instrument Type
Bond
Returns
High
Date of Issue
07 Dec 2018
Maturity Date
12 Jul 2028
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
RURAL ELECTRIFICATION CORPORATION LIMITED SERIES 169 8.37 BD 07DC28 FVRS10LAC
Rural Electrification Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE020B08BH6, with a face value of ₹10,00,000 rs on 07Dec18 to raise 2554 crores. The debt instrument
is issued with a coupon rate of 8.37% 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 8.37% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE NON - CUMULATIVE TAXABLE BONDS 2028. SERIES 169. DATE OF MATURITY 07/12/2028. 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 13Dec18 & on NSE stock exchange on 11Dec18. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to
this Bond on 29Mar19. 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
07-Dec-18 : Your investment
₹41,85,000
07-Jun-19 : Interest
₹41,85,000
07-Dec-19 : Interest
₹41,85,000
07-Jun-20 : Interest
₹41,85,000
07-Dec-20 : Interest
₹41,85,000
07-Jun-21 : Interest
₹41,85,000
07-Dec-21 : Interest
₹41,85,000
07-Jun-22 : Interest
₹41,85,000
07-Dec-22 : Interest
₹41,85,000
07-Jun-23 : Interest
₹41,85,000
07-Dec-23 : Interest
₹41,85,000
07-Jun-24 : Interest
₹41,85,000
07-Dec-24 : Interest
₹41,85,000
07-Jun-25 : Interest
₹41,85,000
07-Dec-25 : Interest
₹41,85,000
07-Jun-26 : Interest
₹41,85,000
07-Dec-26 : Interest
₹41,85,000
07-Jun-27 : Interest
₹41,85,000
07-Dec-27 : Interest
₹41,85,000
07-Jun-28 : Interest
₹17,95,15,000
12-Jul-28 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,95,15,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.37%
Returns
High
Bond Rating
AAA
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of Rural Electrification Corporation Limited
FAQs about INE020B08BH6 issued by Rural Electrification Corporation Limited
What is the instrument name of INE020B08BH6 ISIN?
The instrument name of INE020B08BH6 ISIN is RURAL ELECTRIFICATION CORPORATION LIMITED SERIES 169 8.37 BD 07DC28 FVRS10LAC.
How frequently is the interest paid on INE020B08BH6 bond issued by Rural Electrification Corporation Limited?
The interest earned from INE020B08BH6 bond issued by Rural Electrification Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE020B08BH6 bond issued by Rural Electrification Corporation Limited?
This INE020B08BH6 bond issued by Rural Electrification Corporation Limited 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 INE020B08BH6 bond issued by Rural Electrification Corporation Limited?
This Bond offers a coupon rate of 8.37%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE020B08BH6 Bond?
The INE020B08BH6 Bond is issued by Rural Electrification Corporation 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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