9.38% Greater Hyderabad Municipal Corporation - AA Rated (INE477Z08022)

Greater Hyderabad Municipal Corporation, a Utilities company, has floated Bond, having ISIN value as INE477Z08022, with a face value of ₹10,00,000 rs on 14Aug18 to raise 195 crores. The debt instrument is issued with a coupon rate of 9.38% 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 9.38% UNSECURED RATED LISTED TAXABLE NON CONVERTIBLE REDEEMABLE BONDS IN THE NATURE OF DEBENTURES. SERIES II. DATE OF MATURITY 14/08/2028. 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 28Aug18. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 26Aug19. This issuer is formerly known as MUNICIPAL CORPORATION OF HYDERABAD Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.