The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE636F07225

Face value

₹10,00,000

Coupon rate

7.68%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Bond

Returns

Medium

Date of Issue

15 Nov 2017

Maturity Date

15 Nov 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CARE Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED SR-XVIII 7.68BD15NV25FVRS10LACLOAUPTO26DC17
North Eastern Electric Power Corporation Limited, a Electric Utilities company, has floated Bond, having ISIN value as INE636F07225, with a face value of ₹10,00,000 rs on 15Nov17 to raise 500 crores. The debt instrument is issued with a coupon rate of 7.68% 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 7.68% SECURED LISTED REDEEMABLE NON-CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURE. SERIES- XVIII. LETTER OF ALLOTMENT. DATE OF MATURITY 15/11/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is listed on BSE stock exchange on 23Nov17. CARE Ratings Limited has given AA+ rating to this Bond on 08Mar22. This issuer is formerly known as NORTH EASTERN ELECTRIC POWER CORPORATION PRIVATE LIMITED 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+
check
Date Verified
10 Jul 2023
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
Security
Secured
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
15-Nov-17 : Your investment
₹38,40,000
15-May-18 : Interest
₹38,40,000
15-Nov-18 : Interest
₹38,40,000
15-May-19 : Interest
₹38,40,000
15-Nov-19 : Interest
₹38,40,000
15-May-20 : Interest
₹38,40,000
15-Nov-20 : Interest
₹38,40,000
15-May-21 : Interest
₹38,40,000
15-Nov-21 : Interest
₹38,40,000
15-May-22 : Interest
₹38,40,000
15-Nov-22 : Interest
₹38,40,000
15-May-23 : Interest
₹38,40,000
15-Nov-23 : Interest
₹38,40,000
15-May-24 : Interest
₹38,40,000
15-Nov-24 : Interest
₹38,40,000
15-May-25 : Interest
₹38,40,000
15-Nov-25 : Interest
₹16,14,40,000
15-Nov-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,14,40,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.68%

Returns

Medium

Bond Rating

AA+

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Electric Utilities
Head Office
HEAD OFFICE
Shillong
Sector name
SECTOR
Power
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE636F07225 issued by North Eastern Electric Power Corporation Limited

The instrument name of INE636F07225 ISIN is NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED SR-XVIII 7.68BD15NV25FVRS10LACLOAUPTO26DC17.
The interest earned from INE636F07225 bond issued by North Eastern Electric Power Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE636F07225 bond issued by North Eastern Electric Power Corporation Limited has been assigned a credit rating of AA+ by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.68%, which determines the periodic interest payments made to bondholders.
The INE636F07225 Bond is issued by North Eastern Electric Power Corporation Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow