The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities
8.75% Steel Authority Of India Limited - AA Rated (INE114A07513)
In-activePSUSecured
Instrument Details
ISIN: INE114A07513
Face value
₹10,00,000
Coupon rate
8.75%
Payment
Annually
Tax Type
Taxable
Issue Size (Cr)
50
Instrument Type
Bond
Returns
High
Date of Issue
15 Sep 2009
Maturity Date
15 Sep 2024
Perpetual
Yes
Listing Status
Listed
Rating status
AA (INDIA Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
-
Seniority in Repayment
None
Guarantee Type
Non Convertible
About this Bond
STEEL AUTHORITY OF INDIA LIMITED 8.75 BD 15SP24 FVRS10LAC LOA UPTO 14SP09
Steel Authority Of India Limited, a Iron & Steel company, has floated Bond,
having ISIN value as INE114A07513, with a face value of ₹10,00,000 rs on 15Sep09 to raise 50 crores. The debt instrument
is issued with a coupon rate of 8.75% 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 Secured
Bond is 8.75% Taxable Secured Redeemable Non Convertible Bonds (XXIII) - Issue (I Series) - AJ-III Letter of Allotment. Date of Maturity : 15/09/2024. 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 10Feb10. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to
this Bond on 14Nov19. 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-Sep-09 : Your investment
₹87,50,000
15-Sep-10 : Interest
₹87,50,000
15-Sep-11 : Interest
₹87,50,000
15-Sep-12 : Interest
₹87,50,000
15-Sep-13 : Interest
₹87,50,000
15-Sep-14 : Interest
₹87,50,000
15-Sep-15 : Interest
₹87,50,000
15-Sep-16 : Interest
₹87,50,000
15-Sep-17 : Interest
₹87,50,000
15-Sep-18 : Interest
₹87,50,000
15-Sep-19 : Interest
₹87,50,000
15-Sep-20 : Interest
₹87,50,000
15-Sep-21 : Interest
₹87,50,000
15-Sep-22 : Interest
₹87,50,000
15-Sep-23 : Interest
₹87,50,000
15-Sep-24 : Interest
₹23,12,50,000
15-Sep-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹13,12,50,000)
Summary
Instrument Attributes
Value
Coupon Rate
8.75%
Returns
High
Bond Rating
AA
Seniority in Repayment
None
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Iron & Steel
HEAD OFFICE
New Delhi
SECTOR
Metals & Mining
ISSUER OWNERSHIP
PSU
Other Bonds of Steel Authority Of India Limited
FAQs about INE114A07513 issued by Steel Authority Of India Limited
What is the instrument name of INE114A07513 ISIN?
The instrument name of INE114A07513 ISIN is STEEL AUTHORITY OF INDIA LIMITED 8.75 BD 15SP24 FVRS10LAC LOA UPTO 14SP09.
How frequently is the interest paid on INE114A07513 bond issued by Steel Authority Of India Limited?
The interest earned from INE114A07513 bond issued by Steel Authority Of India Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE114A07513 bond issued by Steel Authority Of India Limited?
This INE114A07513 bond issued by Steel Authority Of India Limited 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 INE114A07513 bond issued by Steel Authority Of India Limited?
This Bond offers a coupon rate of 8.75%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE114A07513 Bond?
The INE114A07513 Bond is issued by Steel Authority Of India Limited, a PSU company.
Popular Collection Pages
Popular Issuers
©2021-2022 Dezerv. All Rights Reserved
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.
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.
Invest in safer portfolio without compromising returns.
