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Instrument Details

ISIN: INE861G08019

Face value

₹10,00,000

Coupon rate

8.62%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Bond

Returns

High

Date of Issue

22 Mar 2013

Maturity Date

22 Mar 2023

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CE) (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

FOOD CORPORATION OF INDIA 8.62 BD 22MR23 FVRS10LAC LOA UPTO 18JU13
Food Corporation Of India, a Basic Materials company, has floated Bond, having ISIN value as INE861G08019, with a face value of ₹10,00,000 rs on 22Mar13 to raise 300 crores. The debt instrument is issued with a coupon rate of 8.62% 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 Secured Bond is 8.62% GOVERMENT OF INDIA GURANTED REDEEMABLE NON-CONVERTIBLE BONDS. SERIES V A IN THE NATURE OF DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 05Apr13 & on NSE stock exchange on 05Apr13. CRISIL RATINGS LIMITED has given AAA (CE) rating to this Bond on 14Mar13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA (CE)
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Date Verified
08 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
22-Mar-13 : Your investment
₹86,20,000
22-Mar-14 : Interest
₹86,20,000
22-Mar-15 : Interest
₹86,20,000
22-Mar-16 : Interest
₹86,20,000
22-Mar-17 : Interest
₹86,20,000
22-Mar-18 : Interest
₹86,20,000
22-Mar-19 : Interest
₹86,20,000
22-Mar-20 : Interest
₹86,20,000
22-Mar-21 : Interest
₹86,20,000
22-Mar-22 : Interest
₹86,20,000
22-Mar-23 : Interest
₹18,62,00,000
22-Mar-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,62,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.62%

Returns

High

Bond Rating

AAA (CE)

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Basic Materials
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE861G08019 issued by Food Corporation Of India

The instrument name of INE861G08019 ISIN is FOOD CORPORATION OF INDIA 8.62 BD 22MR23 FVRS10LAC LOA UPTO 18JU13.
The interest earned from INE861G08019 bond issued by Food Corporation Of India is paid Annually, ensuring regular and consistent income for investors.
This INE861G08019 bond issued by Food Corporation Of India has been assigned a credit rating of AAA (CE) by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.62%, which determines the periodic interest payments made to bondholders.
The INE861G08019 Bond is issued by Food Corporation Of India, a PSU company.
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