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Instrument Details

ISIN: INE029A08040

Face value

₹10,00,000

Coupon rate

7.69%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

750

Instrument Type

Bond

Returns

Medium

Date of Issue

16 Jan 2018

Maturity Date

16 Jan 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

BHARAT PETROLEUM CORPORATION LTD. SR-I 7.69 LOA 16JN23 FVRS10LAC
Bharat Petroleum Corporation Ltd., a Refineries & Marketing company, has floated Bond, having ISIN value as INE029A08040, with a face value of ₹10,00,000 rs on 16Jan18 to raise 750 crores. The debt instrument is issued with a coupon rate of 7.69% 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 7.69% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. LETTER OF ALLOTMENT. SERIES I. DATE F MATURITY 16/01/2023. 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 18Jan18 & on BSE stock exchange on 24Jan18. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 22Dec17. 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
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Date Verified
08 Aug 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
16-Jan-18 : Your investment
₹76,90,000
16-Jan-19 : Interest
₹76,90,000
16-Jan-20 : Interest
₹76,90,000
16-Jan-21 : Interest
₹76,90,000
16-Jan-22 : Interest
₹76,90,000
16-Jan-23 : Interest
₹13,84,50,000
16-Jan-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,84,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.69%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Refineries & Marketing
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Oil, Gas & Consumable Fuels
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE029A08040 issued by Bharat Petroleum Corporation Ltd.

The instrument name of INE029A08040 ISIN is BHARAT PETROLEUM CORPORATION LTD. SR-I 7.69 LOA 16JN23 FVRS10LAC.
The interest earned from INE029A08040 bond issued by Bharat Petroleum Corporation Ltd. is paid Annually, ensuring regular and consistent income for investors.
This INE029A08040 bond issued by Bharat Petroleum Corporation Ltd. has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.69%, which determines the periodic interest payments made to bondholders.
The INE029A08040 Bond is issued by Bharat Petroleum Corporation Ltd., a PSU company.
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