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Instrument Details

ISIN: INE014N07062

Face value

₹10,00,000

Coupon rate

6.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

430

Instrument Type

Bond

Returns

Medium

Date of Issue

11 Dec 2020

Maturity Date

09 Nov 2023

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

NATIONAL COOPERATIVE DEVELOPMENT CORPORATION SR V 6.75 BD 11MR24 FVRS10LAC
National Cooperative Development Corporation, a Finance company, has floated Bond, having ISIN value as INE014N07062, with a face value of ₹10,00,000 rs on 11Dec20 to raise 430 crores. The debt instrument is issued with a coupon rate of 6.75% 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 6.75% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES V. DATE OF MATURITY 11/03/2024.. 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 14Dec20. INDIA RATING AND RESEARCH PVT. LTD has given AA+ rating to this Bond on 29Oct20. 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
06 Dec 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
11-Dec-20 : Your investment
₹67,50,000
11-Dec-21 : Interest
₹67,50,000
11-Dec-22 : Interest
₹61,58,219
09-Nov-23 : Interest
₹11,96,58,219
09-Nov-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,96,58,219)

Summary

Instrument Attributes

Value

Coupon Rate

6.75%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE014N07062 issued by National Cooperative Development Corporation

The instrument name of INE014N07062 ISIN is NATIONAL COOPERATIVE DEVELOPMENT CORPORATION SR V 6.75 BD 11MR24 FVRS10LAC.
The interest earned from INE014N07062 bond issued by National Cooperative Development Corporation is paid Annually, ensuring regular and consistent income for investors.
This INE014N07062 bond issued by National Cooperative Development Corporation 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 6.75%, which determines the periodic interest payments made to bondholders.
The INE014N07062 Bond is issued by National Cooperative Development Corporation, a PSU company.
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