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Instrument Details

ISIN: INE261F07024

Face value

₹1,000

Coupon rate

7.29%

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

238.5516

Instrument Type

Bond

Returns

Medium

Date of Issue

23 Mar 2016

Maturity Date

23 Mar 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA 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

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-IB 7.29 BD 23MR26 FVRS1000 LOA UPTO 22MR16
National Bank For Agriculture And Rural Development, a Financial Institution company, has floated Bond, having ISIN value as INE261F07024, with a face value of ₹1,000 rs on 23Mar16 to raise 238.5516 crores. The debt instrument is issued with a coupon rate of 7.29% and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 7.29% SECURED REDEEMABLE NON CONVERTIBLE TAX FREE BONDS. SERIES I B. LETTER OF ALLOTMENT. DATE OF MATURITY 23/03/2026. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 29Mar16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Bond on 13Jan23. 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
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Date Verified
11 Oct 2024
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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
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
23-Mar-16 : Your investment
₹7,290
23-Mar-17 : Interest
₹7,290
23-Mar-18 : Interest
₹7,290
23-Mar-19 : Interest
₹7,290
23-Mar-20 : Interest
₹7,290
23-Mar-21 : Interest
₹7,290
23-Mar-22 : Interest
₹7,290
23-Mar-23 : Interest
₹7,290
23-Mar-24 : Interest
₹7,290
23-Mar-25 : Interest
₹7,290
23-Mar-26 : Interest
₹1,72,900
23-Mar-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹72,900)

Summary

Instrument Attributes

Value

Coupon Rate

7.29%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Financial Institution
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE261F07024 issued by National Bank For Agriculture And Rural Development

The instrument name of INE261F07024 ISIN is NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-IB 7.29 BD 23MR26 FVRS1000 LOA UPTO 22MR16.
The interest earned from INE261F07024 bond issued by National Bank For Agriculture And Rural Development is paid Annually, ensuring regular and consistent income for investors.
This INE261F07024 bond issued by National Bank For Agriculture And Rural Development 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 Bond offers a coupon rate of 7.29%, which determines the periodic interest payments made to bondholders.
The INE261F07024 Bond is issued by National Bank For Agriculture And Rural Development, a PSU company.
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