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Instrument Details

ISIN: INE861G08076

Face value

₹10,00,000

Coupon rate

6.65%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

8000

Instrument Type

Bond

Returns

Medium

Date of Issue

23 Oct 2020

Maturity Date

23 Oct 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AAA(CE) (CARE 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

FOOD CORPORATION OF INDIA IX 6.65 BD 23OT30 FVRS10LAC LOAUPTO20OT20
Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08076, with a face value of ₹10,00,000 rs on 23Oct20 to raise 8000 crores. The debt instrument is issued with a coupon rate of 6.65% 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 6.65% GOVERMENT OF INDIA GURANTEED UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. SERIES IX. DATE OF MATURITY 23/10/2030. 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 26Oct20. CARE RATINGS LIMITED has given AAA(CE) rating to this Bond on 23Oct20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA(CE)
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Date Verified
04 Jul 2024
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
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-Oct-20 : Your investment
₹66,50,000
23-Oct-21 : Interest
₹66,50,000
23-Oct-22 : Interest
₹66,50,000
23-Oct-23 : Interest
₹66,50,000
23-Oct-24 : Interest
₹66,50,000
23-Oct-25 : Interest
₹66,50,000
23-Oct-26 : Interest
₹66,50,000
23-Oct-27 : Interest
₹66,50,000
23-Oct-28 : Interest
₹66,50,000
23-Oct-29 : Interest
₹66,50,000
23-Oct-30 : Interest
₹16,65,00,000
23-Oct-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,65,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

6.65%

Returns

Medium

Bond Rating

AAA(CE)

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Basic Materials
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE861G08076 issued by Food Corporation Of India

The instrument name of INE861G08076 ISIN is FOOD CORPORATION OF INDIA IX 6.65 BD 23OT30 FVRS10LAC LOAUPTO20OT20.
The interest earned from INE861G08076 bond issued by Food Corporation Of India is paid Annually, ensuring regular and consistent income for investors.
This INE861G08076 bond issued by Food Corporation Of India has been assigned a credit rating of AAA(CE) by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 6.65%, which determines the periodic interest payments made to bondholders.
The INE861G08076 Bond is issued by Food Corporation Of India, a PSU company.
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