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Instrument Details

ISIN: INE242A08460

Face value

₹10,00,000

Coupon rate

5.05%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

3000

Instrument Type

Debenture

Returns

Medium

Date of Issue

27 May 2020

Maturity Date

25 Nov 2022

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

INDIAN OIL CORPORATION LIMITED SR XVII 5.05 LOA 25NV22 FVRS10LAC
Indian Oil Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE242A08460, with a face value of ₹10,00,000 rs on 27May20 to raise 3000 crores. The debt instrument is issued with a coupon rate of 5.05% 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 Debenture is 5.05% UNSECURED LISTED RATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES XVII . DATE OF MATURITY 25/11/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Not Applicable option. The Debenture is listed on NSE stock exchange on 01Jun20 & on BSE stock exchange on 02Jun20. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 19May20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 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
27-May-20 : Your investment
₹50,50,000
27-May-21 : Interest
₹50,50,000
27-May-22 : Interest
₹11,01,00,000
25-Nov-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,01,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.05%

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 INE242A08460 issued by Indian Oil Corporation Limited

The instrument name of INE242A08460 ISIN is INDIAN OIL CORPORATION LIMITED SR XVII 5.05 LOA 25NV22 FVRS10LAC.
The interest earned from INE242A08460 bond issued by Indian Oil Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE242A08460 bond issued by Indian Oil Corporation Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.05%, which determines the periodic interest payments made to bondholders.
The INE242A08460 Debenture is issued by Indian Oil Corporation Limited, a PSU company.
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