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Instrument Details

ISIN: INE928P07019

Face value

₹10,00,000

Coupon rate

8.79%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Bond

Returns

High

Date of Issue

23 Dec 2014

Maturity Date

23 Dec 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

Senior

Guarantee Type

Non Convertible

About this Bond

BANGALORE METRO RAIL CORPORATION LIMITED SR-I 8.79 LOA 23DC24 FVRS10LAC
Bangalore Metro Rail Corporation Limited, a Utilities company, has floated Bond, having ISIN value as INE928P07019, with a face value of ₹10,00,000 rs on 23Dec14 to raise 300 crores. The debt instrument is issued with a coupon rate of 8.79% 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 Secured Bond is 8.79% SECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES I. LETTER OF ALLOTMENT. DAT EOF MATURITY 23/12/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 09Jan15 & on BSE stock exchange on 09Jan15. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 25Feb15. This issuer is formerly known as BANGALORE MASS RAPID TRANSIT LIMITED Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AA
High Safety
AA
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Date Verified
29 Dec 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
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
23-Dec-14 : Your investment
₹43,95,000
23-Jun-15 : Interest
₹43,95,000
23-Dec-15 : Interest
₹43,95,000
23-Jun-16 : Interest
₹43,95,000
23-Dec-16 : Interest
₹43,95,000
23-Jun-17 : Interest
₹43,95,000
23-Dec-17 : Interest
₹43,95,000
23-Jun-18 : Interest
₹43,95,000
23-Dec-18 : Interest
₹43,95,000
23-Jun-19 : Interest
₹43,95,000
23-Dec-19 : Interest
₹43,95,000
23-Jun-20 : Interest
₹43,95,000
23-Dec-20 : Interest
₹43,95,000
23-Jun-21 : Interest
₹43,95,000
23-Dec-21 : Interest
₹43,95,000
23-Jun-22 : Interest
₹43,95,000
23-Dec-22 : Interest
₹43,95,000
23-Jun-23 : Interest
₹43,95,000
23-Dec-23 : Interest
₹43,95,000
23-Jun-24 : Interest
₹43,95,000
23-Dec-24 : Interest
₹18,79,00,000
23-Dec-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,79,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.79%

Returns

High

Bond Rating

AA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Bangalore
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE928P07019 issued by Bangalore Metro Rail Corporation Limited

The instrument name of INE928P07019 ISIN is BANGALORE METRO RAIL CORPORATION LIMITED SR-I 8.79 LOA 23DC24 FVRS10LAC.
The interest earned from INE928P07019 bond issued by Bangalore Metro Rail Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE928P07019 bond issued by Bangalore Metro Rail Corporation 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.
This Bond offers a coupon rate of 8.79%, which determines the periodic interest payments made to bondholders.
The INE928P07019 Bond is issued by Bangalore Metro Rail Corporation Limited, a PSU company.
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