Instrument Details

ISIN: INE05OC24033

Face value

₹1,42,900

Coupon rate

8.50%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

28.58

Instrument Type

Bond

Returns

High

Date of Issue

18 Nov 2020

Maturity Date

18 Nov 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

LUCKNOW MUNICIPAL CORPORATION SR C 8.50 BD 18NV26 FVRS142900
Lucknow Municipal Corporation, a Utilities company, has floated Bond, having ISIN value as INE05OC24033, with a face value of ₹1,42,900 rs on 18Nov20 to raise 28.58 crores. The debt instrument is issued with a coupon rate of 8.50% 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 8.50% SECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES C. DATE OF MATURITY 18/11/2026.. 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 02Dec20. INDIA RATING AND RESEARCH PVT. LTD has given AA rating to this Bond on 06Oct20. This issuer is formerly known as LUCKNOW NAGAR MAHAPALIKA 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
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Date Verified
20 Nov 2023
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Outlook
Stable
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Seniority in Repayment
None
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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
₹1,42,900
Lot Size
100
Minimum Investment
₹1,42,90,000

Cashflow

₹1,42,90,000
18-Nov-20 : Your investment
₹6,07,325
18-May-21 : Interest
₹6,07,325
18-Nov-21 : Interest
₹6,07,325
18-May-22 : Interest
₹6,07,325
18-Nov-22 : Interest
₹6,07,325
18-May-23 : Interest
₹6,07,325
18-Nov-23 : Interest
₹6,07,325
18-May-24 : Interest
₹6,07,325
18-Nov-24 : Interest
₹6,07,325
18-May-25 : Interest
₹6,07,325
18-Nov-25 : Interest
₹6,07,325
18-May-26 : Interest
₹6,07,325
18-Nov-26 : Interest
₹2,15,77,900
18-Nov-26 : Maturity amount (Investment: ₹1,42,90,000, Interest earned: ₹72,87,900)

Summary

Instrument Attributes

Value

Coupon Rate

8.50%

Returns

High

Bond Rating

AA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Utilities
Head Office
HEAD OFFICE
Lucknow
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE05OC24033 issued by Lucknow Municipal Corporation

The instrument name of INE05OC24033 ISIN is LUCKNOW MUNICIPAL CORPORATION SR C 8.50 BD 18NV26 FVRS142900.
The interest earned from INE05OC24033 bond issued by Lucknow Municipal Corporation is paid Semi Annually, ensuring regular and consistent income for investors.
This INE05OC24033 bond issued by Lucknow Municipal Corporation has been assigned a credit rating of AA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 8.5%, which determines the periodic interest payments made to bondholders.
The INE05OC24033 Bond is issued by Lucknow Municipal Corporation, a PSU company.