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Instrument Details

ISIN: INE0GVF24022

Face value

₹1,42,900

Coupon rate

8.10%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

21.435

Instrument Type

Bond

Returns

High

Date of Issue

06 Apr 2021

Maturity Date

04 Jun 2026

Perpetual

Yes

Listing Status

Unlisted

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

GHAZIABAD NAGAR NIGAM STRPP-B 8.1 BD 06AP26 FVRS142900
Ghaziabad Nagar Nigam, a Multi Utilities company, has floated Bond, having ISIN value as INE0GVF24022, with a face value of ₹1,42,900 rs on 06Apr21 to raise 21.435 crores. The debt instrument is issued with a coupon rate of 8.10% 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 Secured Bond is 8.10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE GREEN BONDS IN THE NATURE OF DEBENTURES. STRPP B. DATE OF MATURITY 06/04/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 06Apr21. 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
05 Apr 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
₹1,42,900
Lot Size
100
Minimum Investment
₹1,42,90,000

Cashflow

₹1,42,90,000
06-Apr-21 : Your investment
₹5,78,745
06-Oct-21 : Interest
₹5,78,745
06-Apr-22 : Interest
₹5,78,745
06-Oct-22 : Interest
₹5,78,745
06-Apr-23 : Interest
₹5,78,745
06-Oct-23 : Interest
₹5,78,745
06-Apr-24 : Interest
₹5,78,745
06-Oct-24 : Interest
₹5,78,745
06-Apr-25 : Interest
₹5,78,745
06-Oct-25 : Interest
₹5,78,745
06-Apr-26 : Interest
₹2,00,77,450
04-Jun-26 : Maturity amount (Investment: ₹1,42,90,000, Interest earned: ₹57,87,450)

Summary

Instrument Attributes

Value

Coupon Rate

8.10%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

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

FAQs about INE0GVF24022 issued by Ghaziabad Nagar Nigam

The instrument name of INE0GVF24022 ISIN is GHAZIABAD NAGAR NIGAM STRPP-B 8.1 BD 06AP26 FVRS142900.
The interest earned from INE0GVF24022 bond issued by Ghaziabad Nagar Nigam is paid Semi Annually, ensuring regular and consistent income for investors.
This INE0GVF24022 bond issued by Ghaziabad Nagar Nigam 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 8.1%, which determines the periodic interest payments made to bondholders.
The INE0GVF24022 Bond is issued by Ghaziabad Nagar Nigam, a PSU company.
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