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Instrument Details

ISIN: INE091D11089

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

499.93

Instrument Type

Bond

Returns

Low

Date of Issue

27 Dec 2007

Maturity Date

27 Dec 2025

Perpetual

Yes

Listing Status

Listed

Rating status

BBB-(CE) (CARE 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

PUNJAB INFRASTRUCTURE DEVELOPMENT BOARD LOA 27DC25 FVRS10LAC
Punjab Infrastructure Development Board, a Utilities company, has floated Bond, having ISIN value as INE091D11089, with a face value of ₹10,00,000 rs on 27Dec07 to raise 499.93 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 Zero coupon Unsecured Non Convertible Deep Discount Bonds (2007 Series-II) in the nature of Debentures. Letter of allotment ,STRPP-H.Date of Maturity: 27/12/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Quantity option. The Bond is listed on BSE stock exchange on 31Jan08. CARE Ratings Limited has given BBB-(CE) rating to this Bond on 27Dec07. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
BBB
Moderately Safe
BBB-(CE)
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Date Verified
06 Mar 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

Bond Rating

BBB-(CE)

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Chandigarh
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE091D11089 issued by Punjab Infrastructure Development Board

The instrument name of INE091D11089 ISIN is PUNJAB INFRASTRUCTURE DEVELOPMENT BOARD LOA 27DC25 FVRS10LAC.
Never, as INE091D11089 bond issued by Punjab Infrastructure Development Board is a Zero-coupon bond.
This INE091D11089 bond issued by Punjab Infrastructure Development Board has been assigned a credit rating of BBB-(CE) by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE091D11089 bond issued by Punjab Infrastructure Development Board is 0%.
The INE091D11089 Bond is issued by Punjab Infrastructure Development Board, a PSU company.
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