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9.72% Tamilnadu Generation And Distribution Corporation Limited - A Rated (INE340M08129)
ActivePSUUnsecured
Instrument Details
ISIN: INE340M08129
Face value
₹10,00,000
Coupon rate
9.72%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
1000
Instrument Type
Bond
Returns
High
Date of Issue
16 Jul 2014
Maturity Date
16 Jul 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
A(CE) (INDIA Ratings)
Call Option
Available
Put Option
Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-I 9.72 BD 16JL24 FVRS10LAC
Tamilnadu Generation And Distribution Corporation Limited, a Energy company, has floated Bond,
having ISIN value as INE340M08129, with a face value of ₹10,00,000 rs on 16Jul14 to raise 1000 crores. The debt instrument
is issued with a coupon rate of 9.72% 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 Unsecured
Bond is 9.72% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS SERIES I 2014-15. DATE OF MATURITY 16/07/2024. This instrument is issued in Private Placement mode. It has Simple coupon type
with Partial Redemption By Quantity option. The Bond is Not listed on any stock exchange. INDIA RATING AND RESEARCH PVT. LTD has given A(CE) rating to
this Bond on 06Dec19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
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-Jul-14 : Your investment
₹48,60,000
16-Jan-15 : Interest
₹48,60,000
16-Jul-15 : Interest
₹48,60,000
16-Jan-16 : Interest
₹48,60,000
16-Jul-16 : Interest
₹48,60,000
16-Jan-17 : Interest
₹48,60,000
16-Jul-17 : Interest
₹48,60,000
16-Jan-18 : Interest
₹48,60,000
16-Jul-18 : Interest
₹48,60,000
16-Jan-19 : Interest
₹48,60,000
16-Jul-19 : Interest
₹48,60,000
16-Jan-20 : Interest
₹48,60,000
16-Jul-20 : Interest
₹48,60,000
16-Jan-21 : Interest
₹48,60,000
16-Jul-21 : Interest
₹48,60,000
16-Jan-22 : Interest
₹48,60,000
16-Jul-22 : Interest
₹48,60,000
16-Jan-23 : Interest
₹48,60,000
16-Jul-23 : Interest
₹48,60,000
16-Jan-24 : Interest
₹48,60,000
16-Jul-24 : Interest
₹19,72,00,000
16-Jul-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,72,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
9.72%
Returns
High
Bond Rating
A(CE)
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Energy
HEAD OFFICE
Chennai
SECTOR
-
ISSUER OWNERSHIP
PSU
Other Bonds of Tamilnadu Generation And Distribution Corporation Limited
FAQs about INE340M08129 issued by Tamilnadu Generation And Distribution Corporation Limited
What is the instrument name of INE340M08129 ISIN?
The instrument name of INE340M08129 ISIN is TAMILNADU GENERATION AND DISTRIBUTION CORPORATION LIMITED SR-I 9.72 BD 16JL24 FVRS10LAC.
How frequently is the interest paid on INE340M08129 bond issued by Tamilnadu Generation And Distribution Corporation Limited?
The interest earned from INE340M08129 bond issued by Tamilnadu Generation And Distribution Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE340M08129 bond issued by Tamilnadu Generation And Distribution Corporation Limited?
This INE340M08129 bond issued by Tamilnadu Generation And Distribution Corporation Limited has been assigned a credit rating of A(CE) by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE340M08129 bond issued by Tamilnadu Generation And Distribution Corporation Limited?
This Bond offers a coupon rate of 9.72%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE340M08129 Bond?
The INE340M08129 Bond is issued by Tamilnadu Generation And Distribution Corporation Limited, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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