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8.79% Bangalore Metro Rail Corporation Limited - AA Rated (INE928P07019)
ActivePSUSecured
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)
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
Similar Bonds
About the issuer
BASIC INDUSTRY
Utilities
HEAD OFFICE
Bangalore
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of Bangalore Metro Rail Corporation Limited
FAQs about INE928P07019 issued by Bangalore Metro Rail Corporation Limited
What is the instrument name of INE928P07019 ISIN?
The instrument name of INE928P07019 ISIN is BANGALORE METRO RAIL CORPORATION LIMITED SR-I 8.79 LOA 23DC24 FVRS10LAC.
How frequently is the interest paid on INE928P07019 bond issued by Bangalore Metro Rail Corporation Limited?
The interest earned from INE928P07019 bond issued by Bangalore Metro Rail Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE928P07019 bond issued by Bangalore Metro Rail Corporation Limited?
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.
What is the coupon rate of INE928P07019 bond issued by Bangalore Metro Rail Corporation Limited?
This Bond offers a coupon rate of 8.79%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE928P07019 Bond?
The INE928P07019 Bond is issued by Bangalore Metro Rail 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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