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Instrument Details

ISIN: INE242A08528

Face value

₹10,00,000

Coupon rate

7.79%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

2500

Instrument Type

Debenture

Returns

Medium

Date of Issue

17 Jun 2022

Maturity Date

04 Dec 2032

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA 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 XXIII 7.79 NCD 12AP32 FVRS10LAC
Indian Oil Corporation Limited, a Refineries & Marketing company, has floated Debenture, having ISIN value as INE242A08528, with a face value of ₹10,00,000 rs on 17Jun22 to raise 2500 crores. The debt instrument is issued with a coupon rate of 7.79% 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 7.79% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES XXIII. DATE OF MATURITY 12/04/2032.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 20Jun22 & on NSE stock exchange on 20Jun22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 08Jun22. 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
16 Feb 2024
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Outlook
Positive
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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
17-Jun-22 : Your investment
₹77,90,000
17-Jun-23 : Interest
₹77,90,000
17-Jun-24 : Interest
₹77,90,000
17-Jun-25 : Interest
₹77,90,000
17-Jun-26 : Interest
₹77,90,000
17-Jun-27 : Interest
₹77,90,000
17-Jun-28 : Interest
₹77,90,000
17-Jun-29 : Interest
₹77,90,000
17-Jun-30 : Interest
₹77,90,000
17-Jun-31 : Interest
₹77,90,000
17-Jun-32 : Interest
₹17,79,00,000
04-Dec-32 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,79,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.79%

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 INE242A08528 issued by Indian Oil Corporation Limited

The instrument name of INE242A08528 ISIN is INDIAN OIL CORPORATION LIMITED SR XXIII 7.79 NCD 12AP32 FVRS10LAC.
The interest earned from INE242A08528 bond issued by Indian Oil Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE242A08528 bond issued by Indian Oil Corporation Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.79%, which determines the periodic interest payments made to bondholders.
The INE242A08528 Debenture is issued by Indian Oil Corporation Limited, a PSU company.
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